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dominant approaches to causality in econometrics, and suggest why they fail to give good results. We feel the problem cannot be …
Persistent link: https://www.econbiz.de/10012712312
Assessing the state of the economy in real time is critical for policy-making, and understanding the risks to those assessments is equally important. Policy-makers are typically provided with point forecasts that contain insufficient information about risks. In contrast, predictive densities...
Persistent link: https://www.econbiz.de/10013193292
Investors recently are really concerned about the risk aspects associated with the investment in securities. Volatility calculation, therefore, has become an important aspect in the financial markets. For these reasons time series models are greatly used to forecast volatility. One such model is...
Persistent link: https://www.econbiz.de/10012829626
Causal inference is of central interests in many empirical applications yet often challenging because of the presence of endogenous regressors. The classical approach to the problem requires using instrumental variables that must satisfy the stringent condition of exclusion restriction. At the...
Persistent link: https://www.econbiz.de/10014512085
This book brings together domains in financial asset pricing and valuation, financial investment theory, econometrics … modeling, and the empirical analyses of financial data by applying appropriate econometric techniques. These domains are highly … performing financial forecasts or empirical modeling who will find it refreshing to see how forecasting is not simply running a …
Persistent link: https://www.econbiz.de/10010728951
Many of the challenges in the estimation of dynamic heterogeneous treatment effects can be resolved with local projection (LP) estimators of the sort used in applied macroeconometrics. This approach provides a convenient alternative to the more complicated solutions proposed in the recent...
Persistent link: https://www.econbiz.de/10014250201
econometrics, emphasizing the breadth of his work in both theoretical and applied econometrics. We include a complete bibliography …
Persistent link: https://www.econbiz.de/10014133092
hostile powers. As econometrics involves the synthesis of theory, data and statistical methods, in reviewing the econometrics …
Persistent link: https://www.econbiz.de/10014024401
This chapter is concerned with methods for analyzing spatial data. After initial discussion of the nature of spatial data, including the concept of randomness, we focus most of our attention on linear regression models that involve interactions between agents across space. The introduction of...
Persistent link: https://www.econbiz.de/10014025316
Persistent link: https://www.econbiz.de/10001353351