fiscal deficits in a number of countries. Despite recent major fiscal reforms around the world, many countries suffer from …

This book presents methodologies for the Bayesian estimation of GARCH models and their application to financial risk … paradigm for inference. The next three chapters describe the estimation of the GARCH model with Normal innovations and the … between individuals can be substantial in terms of regulatory capital. The last chapter proposes the estimation of a Markov …

/Divergence -- 3 'Endogenous Growth Theory' and 'New Economic Geography' -- 4 Club Convergence -- 5 Empirical Measure of Regional …

Preface -- Introduction to and Summary of Economic Growth: Perspectives on New Theory and Policy -- Decelerating … effectively contribute to actual economic growth. Therefore, this book presents a more effective theory on economic growth for … countries and leaders looking to promote economic growth. It is essentially centered around the theory of economic growth and …

The world economy is on the brink of a profound crisis. The threat of global deflation and the emergence of chronic …

Statistical Methods to Develop Rating Models -- Estimation of a Rating Model for Corporate Exposures -- The Shadow … -- Transition Matrices: Properties and Estimation Methods -- A Multi-Factor Approach for Systematic Default and Recovery Risk …The estimation and the validation of the Basel II risk parameters PD (default probability), LGD (loss given fault), and …