This paper explains how the Gibbs sampler can be used to perform Bayesian inference on GARCH models. Although the Gibbs sampler is usually based on the analytical knowledge of the full conditional posterior densities, such knowledge is not available in regression models with GARCH errors. We show that the Gibbs sampler can be combined with a unidimensional deterministic integration rule applied...

There are many studies on the business cycle indicators in the past decades, but mostly focusing on the asymmetric and non-linear features of business cycles incorporated into the conditional mean equation rather than the conditional variance formulation. Recently, the hypothesis of volatility asymmetry in business cycle indicators has been re-examined by, for instance, Ho and Tsui (2003 and 20...

Alex Pentland MIT Media Lab Cambridge, MA 02139 [email protected] Jensen's inequality is a powerful mathematical tool and one of the workhorses in statistical learning. Its applications therein include the EM algorithm, Bayesian estimation and Bayesian inference. Jensen computes simple lower bounds on otherwise intractable quantities such as products of sums and latent log-likelihoods. This s...

Hippocampal mossy fiber (Mf) synapses are viewed as conditional detonators, assisting CA3 cells in complex network functions. By analyzing mice deficient for GluK2 (GluR6), GluK3 (GluR7) and GluK5 (KA2) genes we show that kainate receptors (KARs) play a crucial role in the control of synaptic integration and spike transmission efficacy at Mf synapses. We dissected out the role of the different ...

Cre/LoxP technology is widely used in the field of mouse genetics for spatial and/or temporal regulation of gene function. For Cre lines generated via pronuclear microinjection of a Cre transgene construct, the integration site is random and in most cases not known. Integration of a transgene can disrupt an endogenous gene, potentially interfering with interpretation of the phenotype. In additi...

One of the main tasks of modern application integration projects is to allow one business unit (requestor) to use services offered by another business unit (provider). When software systems of business partners are composed, an import interface of the requestor system is connected to an export interface of the provider system. Here, the import interface specification containing the requestor’s ...

We consider the problem of computing approximations to xed points of quasilinear contraction mappings ? deened on the space of continuous functions of d variables. Our main emphasis is on large d. Examples of such mappings include the Bellman operator from the theory of dynamic programming. This paper proves that there exist deterministic algorithms for computing approximations to xed points fo...

this paper examines the effect of systematic risk on accounting conservatism. the idea is that in firms with higher systematic risk, managers have higher incentives to delay the recognition of bad news in the hope of future good news. they also face less demand for conservatism from investors and auditors. in this paper, for measuring systematic risk and accounting conservatism, we used beta fr...

Many real life domains contain a mixture of discrete and continuous variables and can be modeled as hybrid Bayesian Networks (BNs). An important subclass of hybrid BNs are conditional linear Gaussian (CLG) networks, where the conditional distribution of the continuous variables given an assignment to the discrete variables is a multivariate Gaussian. Lauritzen’s extension to the clique tree alg...