Estimation of Dynamic Disequilibrium Models with Rational Expectations: the Case of Commodity Markets

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Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (18 download)

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Book Synopsis Estimation of Dynamic Disequilibrium Models with Rational Expectations: the Case of Commodity Markets by : Gangadharrao S. Maddala

Download or read book Estimation of Dynamic Disequilibrium Models with Rational Expectations: the Case of Commodity Markets written by Gangadharrao S. Maddala and published by . This book was released on 1989 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Primary Commodity Prices

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Publisher : Cambridge University Press
ISBN 13 : 9780521385503
Total Pages : 0 pages
Book Rating : 4.3/5 (855 download)

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Book Synopsis Primary Commodity Prices by : L. Alan Winters

Download or read book Primary Commodity Prices written by L. Alan Winters and published by Cambridge University Press. This book was released on 1990-03-08 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodity markets are of considerable interest and importance to economists, econometricians and dealers. This book reports the proceedings of a major international conference on Primary Commodity Prices: Economic Models and Policy, held in London under the auspices of the Centre for Economic Policy Research in March 1989. A range of papers by leading international authorities cover topics such as expectations formation in econometric commodity market models; price determination in the market for aluminium; the estimation of dynamic disequilibrium models with rational expectations; the prices of perennial crops; modeling the effects of foreign and domestic policies on agricultural prices; exchange rate volatility and commodity prices; long-run influences on petroleum prices; price stabilization versus financing in commodity policy; and a comparison of forward markets and buffer stocks as commodity earnings stabilizers. A key feature of this book is its development of the policy implications of recent theoretical and empirical work in the field of commodity economics. Most papers are accompanied by discussants' comments to draw out their technical and policy implications, and the editors also provide a detailed policy introduction.

Commodity Price Dynamics

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Publisher : Cambridge University Press
ISBN 13 : 1139501976
Total Pages : 238 pages
Book Rating : 4.1/5 (395 download)

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Book Synopsis Commodity Price Dynamics by : Craig Pirrong

Download or read book Commodity Price Dynamics written by Craig Pirrong and published by Cambridge University Press. This book was released on 2011-10-31 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodities have become an important component of many investors' portfolios and the focus of much political controversy over the past decade. This book utilizes structural models to provide a better understanding of how commodities' prices behave and what drives them. It exploits differences across commodities and examines a variety of predictions of the models to identify where they work and where they fail. The findings of the analysis are useful to scholars, traders and policy makers who want to better understand often puzzling - and extreme - movements in the prices of commodities from aluminium to oil to soybeans to zinc.

Estimation of Dynamic Limited-dependent Rational Expectation Models

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Estimation of Dynamic Limited-dependent Rational Expectation Models by : Lung-fei Lee

Download or read book Estimation of Dynamic Limited-dependent Rational Expectation Models written by Lung-fei Lee and published by . This book was released on 1996 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Analysis of Panels and Limited Dependent Variable Models

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Publisher : Cambridge University Press
ISBN 13 : 113943134X
Total Pages : 352 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Analysis of Panels and Limited Dependent Variable Models by : Cheng Hsiao

Download or read book Analysis of Panels and Limited Dependent Variable Models written by Cheng Hsiao and published by Cambridge University Press. This book was released on 1999-07-29 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important collection brings together leading econometricians to discuss advances in the areas of the econometrics of panel data. The papers in this collection can be grouped into two categories. The first, which includes chapters by Amemiya, Baltagi, Arellano, Bover and Labeaga, primarily deal with different aspects of limited dependent variables and sample selectivity. The second group of papers, including those by Nerlove, Schmidt and Ahn, Kiviet, Davies and Lahiri, consider issues that arise in the estimation of dyanamic (possibly) heterogeneous panel data models. Overall, the contributors focus on the issues of simplifying complex real-world phenomena into easily generalisable inferences from individual outcomes. As the contributions of G. S. Maddala in the fields of limited dependent variables and panel data were particularly influential, it is a fitting tribute that this volume is dedicated to him.

Is There Excess Co-movement of Primary Commodity Prices?

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4./5 ( download)

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Book Synopsis Is There Excess Co-movement of Primary Commodity Prices? by : Theodosios B. Palaskas

Download or read book Is There Excess Co-movement of Primary Commodity Prices? written by Theodosios B. Palaskas and published by World Bank Publications. This book was released on 1991 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Primary Commodity Prices

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Publisher : Cambridge University Press
ISBN 13 : 9780521385503
Total Pages : 334 pages
Book Rating : 4.3/5 (855 download)

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Book Synopsis Primary Commodity Prices by : L. Alan Winters

Download or read book Primary Commodity Prices written by L. Alan Winters and published by Cambridge University Press. This book was released on 1990-03-08 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodity markets are of considerable interest and importance to economists, econometricians and dealers. This book reports the proceedings of an international conference on 'Primary Commodity Prices: Economic Models and Policy', held in London under the auspices of the Centre for Economic Policy Research in March 1989. A range of papers by leading international authorities covers topics such as expectations formation in econometric commodity market models; price determination in the market for aluminium; the estimation of dynamic disequilibrium models with rational expectations; and a comparison of forward markets and buffer stocks as commodity earnings stabilizers. A key feature of this stock is its development of the policy implications of theoretical and empirical work in the field of commodity economics. Most papers are accompanied by discussant's comments to draw out their technical and policy implications. The book's readership will include commodity economists, commodity market practitioners and policy analysis, as well as professionals and advanced students interested in the fields of applied econometrics, economic development and international trade.

Rational Expectations and Econometric Practice

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Publisher : U of Minnesota Press
ISBN 13 : 1452908281
Total Pages : 335 pages
Book Rating : 4.4/5 (529 download)

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Book Synopsis Rational Expectations and Econometric Practice by : Robert E. Lucas

Download or read book Rational Expectations and Econometric Practice written by Robert E. Lucas and published by U of Minnesota Press. This book was released on 1988 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assumptions about how people form expectations for the future shape the properties of any dynamic economic model. To make economic decisions in an uncertain environment people must forecast such variables as future rates of inflation, tax rates, governme.

Agriculture in the Uruguay Round

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Publisher : Springer
ISBN 13 : 1349231231
Total Pages : 334 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis Agriculture in the Uruguay Round by : R.C. Hine

Download or read book Agriculture in the Uruguay Round written by R.C. Hine and published by Springer. This book was released on 1993-11-26 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agriculture was a major item on the agenda of the Uruguay Round of multilateral trade negotiations under the auspices of the General Agreement on Tariffs and Trade (GATT), launched in 1986. In this specially commissioned volume the national positions on agriculture taken up by the major players during the course of these negotiations are set out and analysed, country by country, by a team of internationally renowned experts. The editors have selected and ordered the studies to provide a coherent assessment and synthesis of the main issues and areas of controversy raised by the negotiations. Examination of the reasons for the holding of different national perspectives on the issue of agricultural policy and trade reform helps to explain why reaching international agreement in this area of the GATT negotiations has been so elusive.

Econometric Methods and Applications

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Publisher :
ISBN 13 :
Total Pages : 600 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Econometric Methods and Applications by : G. S. Maddala

Download or read book Econometric Methods and Applications written by G. S. Maddala and published by . This book was released on 1994 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprises a collection of previously published articles by G.S. Maddala. Includes a brief autobiographical essay.

Working Paper

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Publisher :
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Working Paper by :

Download or read book Working Paper written by and published by . This book was released on 1979 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Learning and Expectations in Macroeconomics

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Publisher : Princeton University Press
ISBN 13 : 1400824265
Total Pages : 440 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Learning and Expectations in Macroeconomics by : George W. Evans

Download or read book Learning and Expectations in Macroeconomics written by George W. Evans and published by Princeton University Press. This book was released on 2012-01-06 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expectation formation models by focusing on the learning factor. Whereas the rational expectations paradigm offers the prevailing method to determining expectations, it assumes very theoretical knowledge on the part of economic actors. Evans and Honkapohja contribute to a growing body of research positing that households and firms learn by making forecasts using observed data, updating their forecast rules over time in response to errors. This book is the first systematic development of the new statistical learning approach. Depending on the particular economic structure, the economy may converge to a standard rational-expectations or a "rational bubble" solution, or exhibit persistent learning dynamics. The learning approach also provides tools to assess the importance of new models with expectational indeterminacy, in which expectations are an independent cause of macroeconomic fluctuations. Moreover, learning dynamics provide a theory for the evolution of expectations and selection between alternative equilibria, with implications for business cycles, asset price volatility, and policy. This book provides an authoritative treatment of this emerging field, developing the analytical techniques in detail and using them to synthesize and extend existing research.

ECONOMICS LETTERS

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ISBN 13 :
Total Pages : 1064 pages
Book Rating : 4./5 ( download)

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Book Synopsis ECONOMICS LETTERS by : JERRY GREEN

Download or read book ECONOMICS LETTERS written by JERRY GREEN and published by . This book was released on 1991 with total page 1064 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Monetary Approach to the Balance of Payments

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Publisher : Routledge
ISBN 13 : 1135043493
Total Pages : 389 pages
Book Rating : 4.1/5 (35 download)

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Book Synopsis The Monetary Approach to the Balance of Payments by : Jacob Frenkel

Download or read book The Monetary Approach to the Balance of Payments written by Jacob Frenkel and published by Routledge. This book was released on 2013-07-18 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects together the basic documents of an approach to the theory and policy of the balance of payments developed in the 1970s. The approach marked a return to the historical traditions of international monetary theory after some thirty years of departure from them – a departure occasioned by the international collapse of the 1930s, the Keynesian Revolution and a long period of war and post-war reconstruction in which the international monetary system was fragmented by exchange controls, currency inconvertibility and controls over international trade and capital movements.

Bulletin

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Publisher :
ISBN 13 :
Total Pages : 480 pages
Book Rating : 4.X/5 (2 download)

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Book Synopsis Bulletin by :

Download or read book Bulletin written by and published by . This book was released on 1990 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Primary Commodities

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Economics of Primary Commodities by : David Sapsford

Download or read book The Economics of Primary Commodities written by David Sapsford and published by Edward Elgar Publishing. This book was released on 1994 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributions by leading economists in the area of the economic analysis of primary commodity markets are brought together in this volume. It provides a detailed coverage of major recent developments in the economic analysis of primary commodity markets, including modelling and policy issues. The essays should provide the reader with an overview of the current state of the art and also a useful platform on which future research might be based.

The Conquest of American Inflation

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Publisher : Princeton University Press
ISBN 13 : 9780691090122
Total Pages : 168 pages
Book Rating : 4.0/5 (91 download)

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Book Synopsis The Conquest of American Inflation by : Thomas J. Sargent

Download or read book The Conquest of American Inflation written by Thomas J. Sargent and published by Princeton University Press. This book was released on 1999 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Conquest of American Inflation, Thomas J. Sargent presents an analysis of the rise and fall of U.S. inflation after 1960. He examines two broad explanations for the behavior of inflation and unemployment in this period: the natural rate hypothesis joined to the Lucas critique and a more traditional econometric policy evaluation modified to include adaptive expectations and learning. His purpose is not only to determine which is the better account, but also to codify for the benefit of the next generation the economic forces that cause inflation. Providing an original methodological link between theoretical and policy economics, this book will engender much debate and become an indispensable text for academics, graduate students, and professional economists.