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Author : Juan José Dolado
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (278 download)
Download or read book Estimating Intertemporal Quadratic Adjustment Cost Models with Integrated Series written by Juan José Dolado and published by . This book was released on 1991 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michio Hatanaka
Publisher : Oxford University Press
ISBN 13 : 0198773536
Total Pages : 307 pages
Book Rating : 4.1/5 (987 download)
Download or read book Time-series-based Econometrics written by Michio Hatanaka and published by Oxford University Press. This book was released on 1996 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decade, time-series econometrics has made extraordinary developments on unit roots and cointegration. However, this progress has taken divergent directions, and has been subjected to criticism from outside the field. In this book, Professor Hatanaka surveys the field, examinesthose portions that are useful for macroeconomics, and responds to the criticism. His survey of the literature covers not only econometric methods, but also the application of these methods to macroeconomic studies.The most vigorous criticism has been that unit roots to do not exist in macroeconomic variables, and thus that cointegration analysis is irrelevant to macroeconomics. The judgement of this book is that unit roots are present in macroeconomic variables when we consider periods of 20 to 40 years, butthat the critics may be right when periods of 100 years are considered. Fortunately, most of the time series data used for macroeconomic studies cover fall within the shorter time span.Among the numerous methods for unit roots and cointegration, those useful from macroeconomic studies are examined and explained in detail, without overburdening the reader with unnecessary mathematics. Other, less applicable methods are dicussed briefly, and their weaknesses are exposed. Hatanakahas rigourously based his judgements about usefulness on whether the inference is appropriate for the length of the data sets available, and also on whether a proper inference can be made on the sort of propositions that macroeconomists wish to test.This book highlights the relations between cointegration and economic theories, and presents cointegrated regression as a revolution in econometric methods. Its analysis is of relevance to academic and professional or applied econometricians. Step-by-step explanations of concepts and techniquesmake the book a self-contained text for graduate students.
Author :
Publisher :
ISBN 13 :
Total Pages : 936 pages
Book Rating : 4.F/5 ( download)
Download or read book METU Studies in Development written by and published by . This book was released on 2002 with total page 936 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Helmut Lütkepohl
Publisher : Springer Science & Business Media
ISBN 13 : 3662125390
Total Pages : 266 pages
Book Rating : 4.6/5 (621 download)
Download or read book Money Demand in Europe written by Helmut Lütkepohl and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1999 a number of member states of the European Union will adopt a common currency. This change in the monetary system requires that a Eur opean Central Bank is set up and a common monetary policy is pursued. There is general agreement among those countries which are likely to join the common currency that price level stability has to be the ultimate objec tive of monetary po1icy. It is an open issue, however, what kind of policy is best suited for that purpose. The alternative strategies under discussion are a direct inflation targeting, an intermediate monetary targeting or a mixture of both. For these policy strategies a stable money demand relation is of cen tral importance. Therefore a workshop on Money Demand in Europe was organized at the Humboldt University in Berlin on October 10/11, 1997. This research conference brought together academic and central bank econo mists and econometricians predominantly from Europe to discuss issues on specification, estimation and, in particular, stability of money demand rela tions both in a single equation and in a systems framework. In this volume revised versions of the papers presented and discussed at the workshop are collected. The volume thereby gives an overview of money demand analysis in Europe on the eve of the introduction of the Euro in some European countries. It contributes to the discussion on a suitable monetary policy for the new European Central Bank.
Author : Rodrigo Mendes Pereira
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (119 download)
Download or read book Investment and Uncertainty in a Quadratic Adjustment Cost Model written by Rodrigo Mendes Pereira and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper I assess empirically the sign of the uncertainty-investment relation in Brazil within a quadratic adjustment cost model. It is shown that these variables are negatively related in the Brazilian economy. The implication is that investment can be enlarged with the adoption of a sustainable macroeconomic policy that rules out uncertainty-yielding shocks, like huge devaluation in domestic currency, or defaults in internal and external debts. I also propose a method for estimating the quadratic adjustment cost model when the endogenous variable is I(2) and the forcing variables are I(1). As long as capital stock is typically an I(2) variable, the econometric insight seems particularly suited for models of investment.
Download or read book Journal of Policy Modeling written by and published by . This book was released on 1997 with total page 764 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Econometrics written by and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (321 download)
Download or read book Working Paper written by and published by . This book was released on 2003-10 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (9 download)
Download or read book Document de Travail written by and published by . This book was released on 1997 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lars Peter Hansen
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (874 download)
Download or read book Estimating Models with Intertemporal Substitution Using Aggregate Time Series Data written by Lars Peter Hansen and published by . This book was released on 1991 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In conducting empirical investigations of the permanent income model of consumption and the consumption-based intertemporal asset pricing model, various authors have imposed restrictions on the nature of the substitutability of consumption across goods and over time. In this paper we suggest a method for testing some of these restrictions and present empirical results using this approach. Our empirical analyses focuses on three questions: (i) Can the services from durable and nondurable goods be treated as perfect substitutes? (ii) Are preferences completely separable between durable and nondurable goods? (iii) What is the nature of intertemporal substitutability of nondurable consumption? When consumers' preferences are assumed to be quadratic, there is very little evidence against the hypothesis that the services from durable goods and nondurable goods are perfect substitutes. These results call into question the practice of testing quadratic models of aggregate consumption using data on nondurables and services only. When we consider S branch specifications, we find more evidence against perfect substitutability between service flows, but less evidence against strict separability across durable and nondurable consumption goods. Among other things, these findings suggest that the empirical shortcomings of the intertemporal asset pricing model cannot be attributed to the neglect of durable goods
Author :
Publisher :
ISBN 13 :
Total Pages : 1136 pages
Book Rating : 4.:/5 (49 download)
Download or read book Journal of Economic Dynamics & Control written by and published by . This book was released on 2002 with total page 1136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jaebeom Kim
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.3/5 ( download)
Download or read book Structural Error Correction Models written by Jaebeom Kim and published by . This book was released on 2003 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jaebeom Kim
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (318 download)
Download or read book Purchasing Power Parity for Traded and Non-traded Goods written by Jaebeom Kim and published by . This book was released on 2003 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert A. Amano
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 ( download)
Download or read book The Dynamic Demand for Money in Germany, Japan, and the United Kingdom written by Robert A. Amano and published by . This book was released on 1993 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 492 pages
Book Rating : 4.:/5 (334 download)
Download or read book Contents of Recent Economics Journals written by and published by . This book was released on 1991-12-20 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Terry O'Shaughnessy
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.E/5 ( download)
Download or read book Hysteresis in an Open Economy Model written by Terry O'Shaughnessy and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
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ISBN 13 :
Total Pages : 618 pages
Book Rating : 4.:/5 (318 download)
Download or read book Journal of Economic Literature written by and published by . This book was released on 1998 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt:
