Estimation of the continuous piecewise linear model and macroeconomic applications. Relationships between economic variables are often characterised by non-linearities. This project develops a method to analyse a type of non-linearity that is frequently encountered in economics and uses this method to study four specific applications concerning the dynamics of inflation, growth, and the exchange rate.
Massively parallel algorithms for Bayesian inference and decision making. This project uses the graphical processing units of desktop computers, originally developed for games and video, to enhance substantially the quantitative tools used on a daily basis by economists. It will develop procedures and software to enhance the reliability of economic predictions and policy.