The effects of slight changes in the parameters on the characteristic roots of a model (sensitivity analysis) has great potential in econometrics.The author, after suggesting a criterion for giving empirical contents to the notion of "slight", shows how the application of sensitivity analysis to...

This collection of essays not only gives the latest developments in the theory, but with original examples shows how it is possible to implement this in real situations. All econometricians will find this book essential reading as will those concerned with macroeconomic issues who want to keep...