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that parametric estimation is simply a means to this end. It also clarifies the distinction between causality and …
Persistent link: https://www.econbiz.de/10004973117
This is the essential companion to Jeffrey Wooldridge's widely-used graduate text Econometric Analysis of Cross Section and Panel Data (MIT Press, 2001). Already established as a leading graduate econometrics text, the book offers an intuitive yet rigorous treatment of two methods used in...
Persistent link: https://www.econbiz.de/10005034459
The United States is bankrupt, flat broke. Thanks to accounting that would make Enron blush, America’s insolvency goes far beyond what our leaders are disclosing. The United States is a fiscal basket case, in worse shape than the notoriously bailed-out countries of Greece, Ireland, and others....
Persistent link: https://www.econbiz.de/10010535203
's underlying political ideology and economic theory. But a second Great Depression was averted, and the radical shift to New Deal …–2009, he writes, should prompt a wide set of challenges to economic and political assumptions and to economic theory. Turner … argues that the faults of theory and policy that led to the crisis were integral elements within a broader set of simplistic …
Persistent link: https://www.econbiz.de/10010535209
The recent financial crisis was an accident, a “perfect storm” fueled by an unforeseeable confluence of events that unfortunately combined to bring down the global financial systems. And policy makers? They did everything they could, given their limited authority. It was all a terrible,...
Persistent link: https://www.econbiz.de/10010535228
completely rewritten. There is new material on a number of topics, including unit roots, ARCH, and cointegration. The Econometric … which recent advances in time series analysis have affected the development of a theory of dynamic econometrics, sets out an …
Persistent link: https://www.econbiz.de/10004972985
No names are more closely associated with modern trade theory than Eli Heckscher and Bertil Ohlin. The basic Heckscher … component of modern trade theory. In this book, Robert Baldwin traces the development of the HO model, describing the historical …
Persistent link: https://www.econbiz.de/10004972991
This book presents a comprehensive behavioral theory of market interactions and proposes an approach to policy …
Persistent link: https://www.econbiz.de/10004973002
statistics and information theory needed to understand MDL. Part II treats universal coding, the information-theoretic notion on … which MDL is built, and part III gives a formal treatment of MDL theory as a theory of inductive inference based on … universal coding. Part IV provides a comprehensive overview of the statistical theory of exponential families with an emphasis …
Persistent link: https://www.econbiz.de/10004973066
Both state-space models and Markov switching models have been highly productive paths for empirical research in macroeconomics and finance. This book presents recent advances in econometric methods that make feasible the estimation of models that have both features. One approach, in the...
Persistent link: https://www.econbiz.de/10004973074