Ricardo Mourinho Félix

Overview

Ricardo Mourinho Félix is an economist at Banco de Portugal. His research focuses on macroeconomic forecasting with Bayesian VAR and vector error correction models applied to euro area aggregates.

Key Contributions

• Felix and Nunes (2003): Extended the Minnesota prior with a real/price block hyperparameterization and a tightness parameter $\Omega$ on error-correction factor loadings; demonstrated that BVAR in levels dominates Bayesian ECMs in average RMSE across 12 forecast horizons for six euro area variables.

Related

• Luís C. Nunes
• Minnesota Prior
• Cointegration
• Vector Autoregression