ConnectednessApproach1.0.3 package

Connectedness Approach

QVAR

Quantile vector autoregression

R2Correlations

R2 decomposed connectedness from correlations

R2Connectedness

R2 connectedness approach

VFEVD

Generalized volatility forecast error variance decomposition and volat...

FrequencyConnectedness

Baruník and Křehlík (2018) frequency connectedness approach

AggregatedConnectedness

Aggregated Connectedness Measures

BayesPrior

Bayes Prior

PlotNetwork

Network plot

PlotNPDC

Dynamic net pairwise connectedness plot

PlotNPT

Dynamic net pairwise transmission plot

PlotPCI

Dynamic pairwise connectedness plot

PlotTCI

Dynamic total connectedness plot

PlotTO

Dynamic to total directional connectedness plot

BivariateDCCGARCH

Bivariate DCC-GARCH

BivariatePortfolio

Kroner and Ng (1998) optimal bivariate portfolio weights

ConditionalConnectedness

ConditionalConnectedness

ConditionalCorrelation

Partial Conditional Correlations

ConnectednessApproach

Connectedness Approach

ConnectednessTable

Connectedness table

DCCGARCHselection

DCC-GARCH selection specification

JointConnectedness

Lastrapes and Wiesen (2021) joint connectedness approach

ElasticNetVAR

Elastic Net vector autoregression

EquallyWeightedPortfolio

Equally weighted portfolio

ExclusiveConnectedness

Exclusive Connectedness Measures

ExtendedJointConnectedness

Balcilar et al. (2021) extended joint connectedness approach

ExternalConnectedness

External Connectedness Measures

FEVD

Forecast error variance decomposition

GARCHselection

Univariate GARCH selection criterion

GARCHtests

Univariate GARCH test statistics

HedgeRatio

Kroner and Sultan (1993) hedge ratios

InclusiveConnectedness

Inclusive Connectedness Measures

InternalConnectedness

Internal Connectedness Measures

IRF

Impulse response functions

LADVAR

Least absolute deviation vector autoregression

MinimumConnectednessPortfolio

Minimum connectedness portfolio

MinnesotaPrior

Minnesota Prior

MultivariateHedgingPortfolio

Multivariate Hedging Portfolio

PartialCorrelations

Partial Contemporaneous Correlations

PlotFROM

Dynamic from total directional connectedness plot

PlotINF

Dynamic influence connectedness plot

PlotNET

Dynamic net total directional connectedness plot

RiskParityPortfolio

Minimum connectedness portfolio

SummaryStatistics

Summary Statistics

TimeConnectedness

Diebold and Yilmaz (2009, 2012) connectedness approach

TVPVAR

Time-varying parameter vector autoregression

UninformativePrior

Uninformative Prior

VAR

Vector autoregression

VarianceTest

Variance Test

WeightedBoxTest

WeightedBoxTest

Wold

Wold representation theorem

The estimation of static and dynamic connectedness measures is created in a modular and user-friendly way. Besides, the time domain connectedness approaches, this package further allows to estimate the frequency connectedness approach, the joint spillover index and the extended joint connectedness approach. In addition, all connectedness frameworks can be based upon orthogonalized and generalized VAR, QVAR, LASSO VAR, Ridge VAR, Elastic Net VAR and TVP-VAR models. Furthermore, the package includes the conditional, decomposed and partial connectedness measures as well as the pairwise connectedness index, influence index and corrected total connectedness index. Finally, a battery of datasets are available allowing to replicate a variety of connectedness papers.

  • Maintainer: David Gabauer
  • License: GPL-3
  • Last published: 2024-06-16