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Categorical Time Series: Prediction and Control

Fokianos, Konstantinos - 1996

We study regression models for nonstationary categorical time series and their applications, and address the issues of prediction, estimation and control. Generalized Linear Models and Partial Likelihood are the basic tools in the present study. The models link the probabilities of each category...

Persistent link: https://www.econbiz.de/10009450679

An Autoregressive Conditional Filtering Process to remove Intraday Seasonal Volatility and its Application to Testing the Noisy Rational Expectations Model

Cho, Jang Hyung - 2008

pattern to change over time without the filtering process injecting a spurious pattern of noise into the filtered series. We … show that prior deterministic filtering procedures are special cases of the autoregressive conditional filtering process … filtering process.In essay 2 we develop a new methodology to decompose return variance in order to examine the informativeness …

Persistent link: https://www.econbiz.de/10009460480

Does housing really lead the business cycle?

Álvarez González, Luis Julián; Cabrero Bravo, Alberto - 2010

The aim of this paper is to characterize the cyclical properties of Spanish real and nominal housing related variables. Our three main results are: First, housing appears to lead the business cycle. Second, fluctuation in home prices are positively related to those of residential investment,...

Persistent link: https://www.econbiz.de/10012530293

Business cycle estimation with high-pass and band-pass local polynomial regression

Álvarez, Luis J.

Incluye bibliografía ; Los filtros construidos a partir de métodos de regresión polinómica local (LPR) han sido utilizados en la literatura para estimar el ciclo económico. En este trabajo se proporciona una interpretación en el dominio de frecuencias del filtro de contraste obtenido como...

Persistent link: https://www.econbiz.de/10012530540

Inflation interdependence in advanced economies

Álvarez, Luis J.; Gadea Rivas, María Dolores; Gómez …

Aunque la literatura sobre el grado de comovimiento del PIB entre países es prolífica, existe poca evidencia sobre la interdependencia de la inflación. En este trabajo, se analizan los comovimientos de la inflación en un amplio conjunto de economías avanzadas, prestando especial atención a...

Persistent link: https://www.econbiz.de/10012532222

Optimal harvesting of fish stocks under a time-varying discount rate

Duncan, Stephen; Hepburn, Cameron; Papachristodoulou, … - 2011

Optimal control theory has been extensively used to determine the optimal harvesting policy for renewable resources such as fish stocks. In such optimisations, it is common to maximise the discounted utility of harvesting over time, employing a constant time discount rate. However, evidence from...

Persistent link: https://www.econbiz.de/10009441415

Optimal Annual Changes in Harvests from Multicohort Fish Stocks: The Case of Western Mackerel

Kennedy, John O.S. - 1992

An optimising model is developed to determine the .sequence of total allowable catches of western mackerel which would result in the maximum present value of the stream of annual rents. It is found that the optimal steady state fishing mortality would be one half to one third of recent levels....

Persistent link: https://www.econbiz.de/10009444648

Multiobjective Bioeconomic Analysis: An Application to the Pacific Whiting Fishery

Sylvia, Gilbert; Enriquez, Roberto R. - 1995

A multiobjective bioeconomic policy model was developed for the United States Pacific whiting fishery. Pareto-optimal solutions for three policy objectives—rents, production, and female spawning biomass—were developed and analyzed using "hybrid" generating technique. Three policy instruments...

Persistent link: https://www.econbiz.de/10009444677

Timber Supply Model 96: A Global Timber Supply Model with a Pulpwood Component

Sedjo, Roger A.; Lyon, Kenneth S. - 1996

This study involves an update of our earlier Timber Supply Model, which was fully developed in our book, The Adequacy Of Global Timber Supply by Sedjo and Lyon (1990), published by Resources for the Future. The new version, called Timber Supply Model 1996 (TSM96), uses an economic market...

Persistent link: https://www.econbiz.de/10009445465

Cooperation, Spatial-Dynamic Externalities, and Invasive Species Management

Epanchin-Niell, Rebecca S.; Wilen, James E. - 2010

Most terrestrial biological invasions occur in landscapes comprising numerous, independently managed properties. Thus, control of invasion spread generally depends on the choices of many managers, each deciding the extent to control invasions on their property. Here we develop a...

Persistent link: https://www.econbiz.de/10009446124