Chan, Chi Chun (Joshua)Koop, GaryLeon-Gonzalez, RobertoStrachan, Rodney2015-12-080735-0015http://hdl.handle.net/1885/37736Time varying parameter (TVP) models have enjoyed an increasing popularity in empirical macroeconomics. However, TVP models are parameter-rich and risk over-fitting unless the dimension of the model is small. Motivated by this worry, this article proposesKeywords: Bayesian; Dynamic mixture; Equality restrictions; State space model; Time varying dimension201210.1080/07350015.2012.6632582016-02-24