[STBI-20200109] An Introduction to Bayesian Econometrics
Dear distinguished researchers and students,
You are cordially invited to the next STBI seminar.
Topic: An Introduction to Bayesian Econometrics
Time: 11:00 – Thursday, 09 January, 2020
Venue: Room H.001, Campus H, UEH School of Economics, 1A Hoang Dieu, Phu Nhuan District, Ho Chi Minh City
Abstract: In econometrics, we are often concerned with estimating some parameters of interest. To obtain such parameters, two alternative methods can be used: classical statistics, or frequentist, and Bayesian statistics. The philosophical difference between frequentist and Bayesian statistics is that in classical statistics the unknown parameters are assumed to be fixed whilst in Bayesian statistics they are believed to be random quantities. The aim of this talk is to review some basic Bayesian ideas and the ways they impinge on frequentism and why empirical Bayes methods are becoming increasingly popular for researchers, especially macroeconomists.
About the presenter: Dr Bao H. Nguyen is a lecturer in economics at the UEH School of Economics and School of Business and Economics, University of Tasmania. He is also a research associate of the Centre for Applied Macroeconomic Analysis, Australian National University (ANU). His current research focuses on applied macroeconomics, especially the relationship between energy and commodity price dynamics and macroeconomic performance on various economies. He has previously held academic positions at ANU, University of Papua New Guinea, University of Economics Ho Chi Minh City and Harvard Program in Vietnam. He has a PhD in economics from ANU.
The presentation BaoNguyen_Bayesian_STBI