Narrow search
Showing 1 - 10 of 5,425
Cover Image
Micro Simulation - A Tool for Economic Analysis
Klevmarken, N. Anders - Nationalekonomiska Institutionen, Uppsala Universitet - 2001
for micro simulation such as the choice of estimation criteria, calibration to benchmarks and model validation. Some of …Micro simulation involves modeling the behavior of individuals and other decision units taking into account the effects … entire distribution of target variables. Micro simulation models have thus, for instance, been used to analyze how changes in …
Persistent link: https://www.econbiz.de/10005644564
Cover Image
Rise of VAR Modelling Approach
Qin, Duo - 2008
This paper examines the rise of the VAR (Vector AutoRegressive) approach from a historical perspective. It shows that the VAR approach arises from a fusion of the Cowles Commission tradition and time series statistical methods, catalysed by the rational expectations (RE) movement, that the...
Persistent link: https://www.econbiz.de/10012725583
Cover Image
Model Uncertainty, Complexity and Rank in Finance
Los, Cornelis A. - 2005
There are three crucial mathematical system concepts in Finance, which are either being confused or misapplied - uncertainty, complexity and rank. First, the concept of epistemic uncertainty is sufficient for modeling and the concept of probability is unnecessary. This is illustrated by Galton's...
Persistent link: https://www.econbiz.de/10012737206
Cover Image
Model Uncertainty, Complexity and Rank in Finance
Los, Cornelis A. - 2008
There are three crucial mathematical system concepts in Finance, which are either being confused or misapplied - uncertainty, complexity and rank. First, the concept of epistemic uncertainty is sufficient for modeling and the concept of probability is unnecessary. This is illustrated by...
Persistent link: https://www.econbiz.de/10012771756
Cover Image
Does “Okun’s Law” state a Pi:1 ratio? Toward a harmonic interpretation of why Okun’s Law works
Albers, Scott; Albers, Andrew L. - Volkswirtschaftliche Fakultät, … - 2013
In Albers & Albers (Spring, 2013) we demonstrated that the historic development of U.S. real GNP, 1869-present, may be structured in recurring 14-year periods. A steady-state rate of growth of 3.4969% is thereby calculated, generating an increase in real GNP proportional to the famous “Golden...
Persistent link: https://www.econbiz.de/10011260122
Cover Image
The first stage in Hendry’s reduction theory revisited
SUCARRAT, Genaro - Center for Operations Research and Econometrics (CORE), … - 2006
The reduction theory of David F. Hendry provides a comprehensive probabilistic framework for the analysis and … sameunderlying probability space of the first reduction - and hence the subsequent reductions - given a commonplace theory of social … Hendry's theory are interpreted as indeterministic worlds made up of historically inherited particulars. …
Persistent link: https://www.econbiz.de/10005008632
Cover Image
Model Uncertainty, Complexity and Rank in Finance
Los, Cornelis A. - EconWPA - 2004
There are three crucial mathematical system concepts in Finance, which are either being confused or misapplied - uncertainty, complexity and rank. First, the concept of epistemic uncertainty is sufficient for modeling and the concept of probability is unnecessary. This is illustrated by...
Persistent link: https://www.econbiz.de/10005119076
Cover Image
Simplicity, scientific inference and econometric modelling
Keuzenkamp, H.A.; McAleer, M. - Tilburg University, Center for Economic Research - 1994
Persistent link: https://www.econbiz.de/10011090668
Cover Image
Tax reforms and the growth of government
Sheffrin, Steven M. - In: Empirical Economics 24 (1999) 4, pp. 655-666
This paper analyzes alternative approaches to measuring the effects of structural tax changes on government growth. It first reviews traditional time series approaches that attempt to disentangle the causal relationships between taxes and spending. It explains why these methods are incapable of...
Persistent link: https://www.econbiz.de/10005758283
Cover Image
Foundations of the economic and social history of the United States: Metaphysical
Albers, Scott - Volkswirtschaftliche Fakultät, … - 2013
theory, as well as social research, are two excellent stages upon which we may search for clues and insights to the …
Persistent link: https://www.econbiz.de/10011258411