261 words 24 Main text body: 5240 words 25 Figures: 6 26 27 Keywords: 28 Directed functional brain connectivity 29 Cognitive aging 30 Dynamic graphical models 31 Resting-state fMRI 32 UK Biobank 33 HCP 34 35 36 2 Abstract 37 Objective: Functional interconnections between brain regions define the 'connectome' which 38 is of central interest for understanding human brain function, and is increasingly recognized in 39 the pathophysiology of mental disorders. Previous resting-state functional magnetic resonance 40 (rsfMRI) work has revealed changes in static connectivity related to age, sex, cognitive 41 abilities and psychiatric symptoms, yet little is known how these factors may alter the 42 information flow. The commonly used approach infers functional brain connectivity using 43 stationary coefficients yielding static estimates of the undirected connection strength between 44 two brain regions. Dynamic graphical models (DGMs) are a multivariate model with dynamic 45 coefficients reflecting directed temporal associations between network nodes, and can yield 46 novel insight into directed functional brain connectivity. Here, we aimed to validate the DGM 47 103 Dynamic graphical models (DGM) is a form of Dynamic Bayesian Networks, which 104 describes the instantaneous directed relationships between nodes (Bilmes, 2010; Schwab et 105 al., 2018). From this, one can study the spatiotemporal arrangement of links in the network, 106 defined here as the directionality between a node pair. This statistical method can give a 107 meaningful characterization of the dynamic connectivity between network nodes. Initial 108 implementation and validation of the approach in resting-state functional magnetic resonance 109