deviations from long-term equilibrium are small. In contrast, nonlinear models withmore elaborate mean-reverting components … dominate at longer horizons especially whendeviations from long-term equilibrium are large. The results also suggest that …

deviation between exchange rate and fundamentals is large. Conversely, when the exchange rate is close to its equilibrium value …

the data set of Sala-i-Martin, we use the least median of squares (LMS) estimator to identify outliers. As LMS is not … without outliers hardly reveals any additional information. Variables that are insignificant according to the RLS method are …

, parameter heterogeneity and outliers. The robust model averaging approach introduced in the paper uses a flexible and …

We show that essentially every communication equilibrium of any finite Bayesian game with two players can be … implemented as a strategic form correlated equilibrium of an extended game, in which before choosing actions as in the Bayesian … game, the players engage in a possibly infinitely long (but in equilibrium almost surely finite), direct, cheap talk …

and resulting academic achievement in an estimable equilibrium framework. We develop a specification test that exploits … the equilibrium nature of social interactions and use it to show that novel study propensity measures mitigate econometric …