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Contributions to Modern Econometrics: From Data Analysis to Economic Policy(4 Dynamic Modeling and Econometrics in Economics and Finance)

Contributions to Modern Econometrics: From Data Analysis to Economic Policy(4 Dynamic Modeling and Econometrics in Economics and Finance)


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About the Book

The field of econometrics has gone through remarkable changes during the last decades of the 20th century - the earlier focus on testing macroeconomic theories has been widened considerably. It has turned into a discipline concerned with the development and application of statistical methods for any kind of economic data. This text represents a collection of contemporary economic applications of modern econometrics and methodological developments. It explores topics such as: the effects of data quality on monetary policy, the empirical comparison of alternative monetary aggregates; empirical tests of theories for the term structure of interest rates; financial econometrics for heavy-tailed returns; the transformation of the Polish economy; labour economics; econometric modelling of household and investment decisions; modelling with limited dependent variables; testing for units roots; alternative smoothing algorithms; and latent-variable models with error in variables. The volume should be of interest to researchers and students in economics as well as practitioners in business, industry and public institutions who want to learn about recent developments in the field of econometrics.

Table of Contents:
1 A Generalization of the Nested Logit Model.- 2 Measurement Problems and Uncertainty in Monetary Policy.- 3 On Median Unbiased Inference for First Order Autoregressive Models.- 4 Goodness of Fit Measures and Model Selection in Qualitative Response Models.- 5 Portfolio Selection in the Presence of Heavy-tailed Asset Returns.- 6 Employment and Technological Change.- 7 Outlier Robust Estimation of an Euler Equation Investment Model with German Firm Level Panel Data.- 8 Which Feeling is Stronger: Jealousy or Laziness?.- 9 gh-transformation of Symmetrical Distributions.- 10 Household Budget Data and Welfare Comparisons — A Reconciliation.- 11 Unit Root Tests in the Presence of Innovational Outliers.- 12 Comparison of M3 and Divisia M3 Aggregates for the Euro Area.- 13 Linear and Nonlinear Dirichlet Share Equations Models.- 14 On the Bias of Structural Estimation Methods in a Polynomial Regression with Measurement Error When the Distribution of the Latent Covariate is Misspecified.- 15 Exponential Smoothing as an Alternative to the Hodrick-Prescott Filter?.- 16 Long-Run Relationships in the Transition Economy of Poland: An Application of SVEqCM.- 17 Growth Determinants of Poland’s Economic Potential.- 18 Uncovered Interest Rate Parity and the Expectations Hypothesis of the Term Structure: Empirical Results for the US and Europe.


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Product Details
  • ISBN-13: 9781402073342
  • Publisher: Kluwer Academic Publishers
  • Publisher Imprint: Kluwer Academic Publishers
  • Height: 235 mm
  • No of Pages: 282
  • Returnable: Y
  • Sub Title: From Data Analysis to Economic Policy
  • ISBN-10: 1402073348
  • Publisher Date: 31 Dec 2002
  • Binding: Hardback
  • Language: English
  • Returnable: Y
  • Series Title: 4 Dynamic Modeling and Econometrics in Economics and Finance
  • Width: 155 mm


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Contributions to Modern Econometrics: From Data Analysis to Economic Policy(4 Dynamic Modeling and Econometrics in Economics and Finance)
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Contributions to Modern Econometrics: From Data Analysis to Economic Policy(4 Dynamic Modeling and Econometrics in Economics and Finance)
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