Jan A. Kregel is one of the most important post-Keynesian economists alive. These essays deal with topics ranging from financial crisis in developing countries to today's financial regulations in the US. This key collection examines crises and their impact on growth from post-Keynesian and...

A Monte Carlo (MC) experiment is conducted to study the forecasting performance of a variety of volatility models under alternative data generating processes (DGPs). The models included in the MC study are the (Fractionally Integrated) Generalized Autoregressive Conditional Heteroskedasticity...

We study the well-known multiplicative Lognormal cascade process in which the multiplication of Gaussian and Lognormally distributed random variables yields time series with intermittent bursts of activity. Due to the non-stationarity of this process and the combinatorial nature of such a...