Lineare und nichtlineare dynamische Systeme werden in der aktuellen wirtschaftswissenschaftlichen Forschung immer wichtiger und ermöglichen ein tieferes Verständnis sowohl für geordnete wie auch chaotische Abläufe der Konjunktur und der Finanzmärkte. Mathematische Methoden, die in den...

We propose a refinement of the criterion by Bai and Ng [2002] for determining the number of static factors in factor models with large datasets. It consists in multiplying the penalty function times a constant which tunes the penalizing power of the function itself as in the Hallin and Lika...

We propose a refinement of the criterion by Bai and Ng [2002] for determining the number of static factors in factor models with large datasets. It consists in multiplying the penalty function by a constant which tunes the penalizing power of the function itself as in the Hallin and Lika [2007]...