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Symposium on Marshall's Tendencies: 5 Sutton's Critique of Econometrics

Hoover, Kevin D. - 2002

evidence. Sutton's reflections on econometrics appear to arise from the darker recesses of his practitioner's soul. While he … affects a sunny disposition and ends on a hopeful note, his analysis articulates the lurking fear that econometrics is a … hopeless project and that economics has little to learn from the interaction of theory and econometrics. Sutton's book is like …

Persistent link: https://www.econbiz.de/10009475535

The Dynamic Realationship Between Financial Variables and Real Variables.

Miyagawa, S. - Department of Economics, Simon Fraser University - 1995

Persistent link: https://www.econbiz.de/10005767742

Unobserved Components in Economic Time Series.

Maravall, A. - 1996

The paper contains some implications for applied econometric research. Two important ones are, first, that invertible models, such as AR or VAR models, cannot in general be used to model seasonally adjusted or detrended data. The second one is that to look at the business cycle in detrended...

Persistent link: https://www.econbiz.de/10005774245

Missing Observations and Additive Outliers in Time Series Models.

Maravall, A.; Pena, D. - 1996

The paper deals with estimation of missing observations in possibly nonstationary ARIMA models. First, the model is assumed known, and the structure of the interpolation filter is analysed. Using the inverse or dual autocorrelation function it is seen how estimation of a missing observation is...

Persistent link: https://www.econbiz.de/10005774248

Guide for Using the Programs TRAMO and SEATS (Beat Version: December 1997)

Gomez, V.; Maravall, A. - 1998

The present document details, step by step, an efficient and simple way to construct the file input for the programs TRAMO ("Time Series Regression with ARIMA Noise Missing Observations, and Outliers") and SEATS ("Signal Extraction in ARIMA Time Series") for all possible cases and applications....

Persistent link: https://www.econbiz.de/10005774257

Restriction of Preferences to the Set of Consumption Bundles, in a Model with Production and Consumption Bundles.

Schalk, S. - CentER for Economic Research, Universiteit van Tilburg - 1999

In contrast to the neo-classical theory of Arrow and Debreu, a model of a private ownership economy is presented, in which production and consumption bundles are treated separately. Each of the two types of bundles is assumed to establish a convex cone. Production technologies can convert...

Persistent link: https://www.econbiz.de/10005775413

Evolution and Refinement with Endogenous Mistake Probabilities.

van Damme, E.; Weibull, J.W. - CentER for Economic Research, Universiteit van Tilburg - 1999

Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive population dynamics in Kandori, Mailath and Rob (1993) and Young (1993) is due to restrictions on how these mutation rates vary across population states. We here model mutation rates as...

Persistent link: https://www.econbiz.de/10005775432

Impulse-Response Analysis in Econometrics.

Bruneau, C. - Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor. - 1996

We focus on the concept of impulse in econometrics analysis of time series. We recognize two useful characterizations …

Persistent link: https://www.econbiz.de/10005775616

On the Sensitivity of Unit Root Inference to Nonlinear Data Transformations

Franses, P.H.; Koop, G. - Econometrisch Instituut, Faculteit der Economische … - 1996

In this paper we analyze the sensitivity of unit root inference to nonlinear transformations through Bayesian techniques. We make joint inference about the Box-Cox transformation, which includes the cases yt and log(yt), and the unit root. When we apply our method to the fourteen Nelson-Plosser...

Persistent link: https://www.econbiz.de/10005775811

On the Interpretation of Seasonally Adjusted Data.

Franses, PH.H.B.F. - Econometrisch Instituut, Faculteit der Economische … - 1999

This paper suveys several recently proposed regression-based methods that can be used to evaluate the usefulness of seasonally adjusted data, with specific focus on Census X-12 adjustment. These methods examine whether seasonality has indeed been removed and whether key properties (like a trend...

Persistent link: https://www.econbiz.de/10005775831