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ESOBE stands for European Seminar on Bayesian Econometrics. This series of seminars was launched in 2010 with the first meeting in Rotterdam. In recent decades Bayesian econometrics has expanded enormously in areas such as optimal processing of information from different sources, efficient forecasting using sets of models, and measuring policy effectiveness and its associated risk.
The computational revolution in simulation techniques is a key ingredient in this expansion. Empirical applications of Bayesian econometrics deal with issues such as: risk management in international and financial markets, the education effect on income and individual entrepreneurship, measurement of policy effectiveness in the macro and monetary economy and individual decision making in marketing.
The ESOBE meetings have no particular theme but are intended as a discussion forum for new and recent research. Their aim is to bring together researchers and professionals interested in the application of Bayesian inference in economics in relatively small annual workshops that usually take two days.
A central topic in finance is the identification of risk premia, which is the extra payment that risk adverse investors require for bearing different risks, or rather, the market price attached to different sources of risk. While the equity return premium has been studied for decades, the recent literature focuses on the identification and estimation of premia related to variance, skewness, correlation, etc.
The International Institute of Forecasters is dedicated to stimulating the generation, distribution, and use of knowledge on forecasting in a wide range of fields. Its main scientific journal is the International Journal of Forecasting.