... activity cycle. Thus, this paper uses Bayesian inference with Gibbs simulations and the Kalman filter to estimate the parameters of the state-space model, used to design the Imacon. Design/methodology/approach Unlike other economic sectors of similar importance in aggregate gross domestic product...

... law Bayesian inference Stochastic volatility Hysteresis The impacts of the Great Financial Recession (GFR) on the US economy have been tremendous. It is widely acknowledged that output losses have not yet been remediated (Rowthorn, 2020). Much has been written about the effects of the 2007...