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Panel VARX×Tidsvarierende parameter faktor-utvidet VAR×
FagfeltØkonometriØkonometri
FamilieRegression modelRegression model
Opprinnelsesår20132005
OpphavspersonCanova and CiccarelliBernanke, Boivin, and Eliasz
TypeMulti-equation panel modelTime-varying system
Opprinnelig kildeCanova, F., & Ciccarelli, M. (2013). Panel vector autoregressive models: A survey. Advances in Econometrics, 32, 205-246. DOI ↗Bernanke, B. S., Boivin, J., & Eliasz, P. S. (2005). Measuring monetary policy. Journal of Political Economy, 113(1), 161-208. link ↗
AliasPanel VAR-XDynamic factor model with time-varying parameters
Relaterte33
SammendragPanel VARX extends vector autoregression to heterogeneous panels with exogenous variables, enabling simultaneous modeling of multiple endogenous variables alongside observed external factors across many units. Introduced by Holtz-Eakin et al. (1988) and advanced by Canova and Ciccarelli (2013), it captures dynamic relationships within units while allowing parameters to vary across units. This framework is essential for macroeconomic panels and understanding cross-unit heterogeneity in responses to common shocks.TVP-FAVAR is a hybrid framework combining factor-augmented VARs with time-varying parameter estimation via Kalman filtering. Introduced by Bernanke et al. (2005) and refined by Primiceri (2005), it extracts latent economic factors (e.g., a 'common monetary policy shock') from high-dimensional data while allowing VAR coefficients to evolve stochastically over time. This framework captures both reduced-dimensionality patterns and structural instability, making it ideal for studying evolving policy regimes and shock dynamics.
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ScholarGateSammenlign metoder: Panel VARX · TVP-FAVAR. Hentet 2026-06-19 fra https://scholargate.app/no/compare