The Earth Charter, based on the model of the United Nations Charter on Human Rights, is circulating in Green Circles. Deirdre McCloskey spells out what's bad and false about the Charter. Although Ms. McCloskey hopes the Charter fails, she is not hopeful. The document, written by biologists and...

A new family of kernels is suggested for use in heteroskedasticity and autocorrelation consistent (HAC) and long run variance (LRV) estimation and robust regression testing. The kernels are constructed by taking powers of the Bartlett kernel and are intended to be used with no truncation (or...

Numerous empirical studies have shown evidence of nonlinearities in financial time series, which can be of both a deterministic and a stochastic nature. Chaos is an example of the former, and heteroscedasticity in the conditional variance an example of the latter. We apply a test, the BDS test,...