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RBA Glossary definition for yield

yield – The expected rate of return expressed as a percentage of the net outlay or net proceeds of an investment, not of its face value.

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Bivariate Example

26 Oct 2023 RDP 2023-07
Raffaella Giacomini, Toru Kitagawa and Matthew Read
θ. that yield a lower ex ante probability of satisfying the NR.
https://www.rba.gov.au/publications/rdp/2023/2023-07/bivariate-example.html

Identification and Inference under Narrative Restrictions

26 Oct 2023 RDP 2023-07
Raffaella Giacomini, Toru Kitagawa and Matthew Read
The fact that NR deliver a set of maximum likelihood estimators is reminiscent of maximum score estimation, where the objective function yields a set of maximisers (Manski 1975, 1985). ... ϕ. ). yields an ‘unconditional partial likelihood’ that does
https://www.rba.gov.au/publications/rdp/2023/2023-07/full.html

Appendix B: Proofs

26 Oct 2023 RDP 2023-07
Raffaella Giacomini, Toru Kitagawa and Matthew Read
x. =. Σ. t. r. q. yields the optimisation problem in Equation (2.5) of Gafarov et al (2018), with a set of inequality restrictions that are a function of the data
https://www.rba.gov.au/publications/rdp/2023/2023-07/appendix-b.html

General Framework

26 Oct 2023 RDP 2023-07
Raffaella Giacomini, Toru Kitagawa and Matthew Read
ϕ. ). yields an ‘unconditional partial likelihood’ that does not depend on the distribution of.
https://www.rba.gov.au/publications/rdp/2023/2023-07/general-framework.html

Introduction

26 Oct 2023 RDP 2023-07
Raffaella Giacomini, Toru Kitagawa and Matthew Read
The fact that NR deliver a set of maximum likelihood estimators is reminiscent of maximum score estimation, where the objective function yields a set of maximisers (Manski 1975, 1985).
https://www.rba.gov.au/publications/rdp/2023/2023-07/introduction.html

Bayesian Inference under NR

26 Oct 2023 RDP 2023-07
Raffaella Giacomini, Toru Kitagawa and Matthew Read
Generating this posterior using every prior in the set of conditional priors yields a set of posteriors for. (.
https://www.rba.gov.au/publications/rdp/2023/2023-07/bayesian-inference-under-nr.html