On Low Frequency Estimates Of Long Run Relationships In Macroeconomics PDF Download
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| Author | : Bennett T. McCallum |
| Publisher | : |
| Total Pages | : 34 |
| Release | : 1983 |
| Genre | : Economics |
| ISBN | : |
Download On Low-frequency Estimates of "long Run" Relationships in Macroeconomics Book in PDF, ePub and Kindle
A number of recent studies have attempted to test propositions concerning "long runt" economic relationships by means of frequency-domain time series techniques that concentrate attention on low frequency co-movements of variables.The present paper emphasizes that many of these propositions involve expectational relationships that are not inherently related to specific frequencies or periodicities. Thus the association of low-frequency time series test statistics with long-run economic propositions is not generally warranted. That such an association can be misleading is demonstrated by analysis of examples taken from notable papers by Geweke, Lucas, and Summers.
| Author | : Bennett T. McCallum |
| Publisher | : |
| Total Pages | : 14 |
| Release | : 1984 |
| Genre | : |
| ISBN | : |
Download On low-frequency estimates of long-run relationshisps in macroeconomics Book in PDF, ePub and Kindle
| Author | : J. Isaac Miller |
| Publisher | : |
| Total Pages | : |
| Release | : 2012 |
| Genre | : |
| ISBN | : |
Download Conditionally Efficient Estimation of Long-run Relationships Using Mixed-frequency Time Series Book in PDF, ePub and Kindle
| Author | : Lawrence H. Summers |
| Publisher | : |
| Total Pages | : 24 |
| Release | : 1984 |
| Genre | : Econometrics |
| ISBN | : |
Download Estimating the Long-run Relationship Between Interest Rates and Inflation Book in PDF, ePub and Kindle
This note demonstrates that Bennett McCallum's recent critique of low frequency estimates of macro-economic relationships is of little empirical significance. It also demonstrates that readily available and frequently used techniques can be used to diagnose the problem McCallum raises. Finally, it shows that the standard critique of expectational distributed lags is not warranted once the role of learning by economic agents is recognized.
| Author | : Raghbendra Jha |
| Publisher | : New Age International |
| Total Pages | : 438 |
| Release | : 2008 |
| Genre | : Macroeconomics |
| ISBN | : 9788122401455 |
Download Contemporary Macroeconomic Theory and Policy Book in PDF, ePub and Kindle
This Book Is An Exhaustive Study Of Current Macroeconomic Theory. It Starts From The First Principles Of Macroeconomics In Part I And Develops The Orthodox Keynesian Approach With Fixed And Flexible Prices In Part Ii. In Part Iii The Author Discusses The Modem Theories Of Inflation And Unemployment. Among The Topics Covered Are Phillips Curves And Natural Rate Of Unemployment, The Accelerationist Controversy, Rational Expectations, Staggered Wage Setting And New Classical Macroeconomics.In Part Iv The Theoretical Underpinnings Of Key Empirical Macro Relations Such As The Consumption Function, Investment Function, And Demand And Supply Of Money Are Discussed. Part V Concentrates On Open Economy Aspects Of Macroeconomics. Both Current Account And Asset Balance Approaches Are Discussed And There Is An Exhaustive Treatment Of Policy Making In Open Economies. Part Vi Considers Medium Term Dynamics Of The Public Debt And Business Cycles. Part Vii Concentrates On Real And Monetary Growth And Also Considers Optimal Economic Growth. Part Viii Considers Two Important Issues In Current Research And Debate: Stagflation, And New Keynesian Theory.This Book Has Been Written Primarly As A Text For Postgraduate And Upper Level Undergraduate Students. It Is Also Very Useful For Policy Makers And Research Students.
| Author | : Gilles Dufrénot |
| Publisher | : Springer Nature |
| Total Pages | : 387 |
| Release | : 2020-11-21 |
| Genre | : Business & Economics |
| ISBN | : 3030542521 |
Download Recent Econometric Techniques for Macroeconomic and Financial Data Book in PDF, ePub and Kindle
The book provides a comprehensive overview of the latest econometric methods for studying the dynamics of macroeconomic and financial time series. It examines alternative methodological approaches and concepts, including quantile spectra and co-spectra, and explores topics such as non-linear and non-stationary behavior, stochastic volatility models, and the econometrics of commodity markets and globalization. Furthermore, it demonstrates the application of recent techniques in various fields: in the frequency domain, in the analysis of persistent dynamics, in the estimation of state space models and new classes of volatility models. The book is divided into two parts: The first part applies econometrics to the field of macroeconomics, discussing trend/cycle decomposition, growth analysis, monetary policy and international trade. The second part applies econometrics to a wide range of topics in financial economics, including price dynamics in equity, commodity and foreign exchange markets and portfolio analysis. The book is essential reading for scholars, students, and practitioners in government and financial institutions interested in applying recent econometric time series methods to financial and economic data.
| Author | : Ronald Robert McNamara |
| Publisher | : |
| Total Pages | : 234 |
| Release | : 1993 |
| Genre | : |
| ISBN | : |
Download Inferring Long-run Relationships in Macroeconomic Data Book in PDF, ePub and Kindle
| Author | : Carl E. Walsh |
| Publisher | : MIT Press |
| Total Pages | : 639 |
| Release | : 2010-02-12 |
| Genre | : Business & Economics |
| ISBN | : 0262303736 |
Download Monetary Theory and Policy, third edition Book in PDF, ePub and Kindle
A new edition of the leading text in monetary economics, a comprehensive treatment revised and enhanced with new material reflecting recent advances in the field. This text presents a comprehensive treatment of the most important topics in monetary economics, focusing on the primary models monetary economists have employed to address topics in theory and policy. It covers the basic theoretical approaches, shows how to do simulation work with the models, and discusses the full range of frictions that economists have studied to understand the impacts of monetary policy. Among the topics presented are money-in-the-utility function, cash-in-advance, and search models of money; informational, portfolio, and nominal rigidities; credit frictions; the open economy; and issues of monetary policy, including discretion and commitment, policy analysis in new Keynesian models, and monetary operating procedures. The use of models based on dynamic optimization and nominal rigidities in consistent general equilibrium frameworks, relatively new when introduced to students in the first edition of this popular text, has since become the method of choice of monetary policy analysis. This third edition reflects the latest advances in the field, incorporating new or expanded material on such topics as monetary search equilibria, sticky information, adaptive learning, state-contingent pricing models, and channel systems for implementing monetary policy. Much of the material on policy analysis has been reorganized to reflect the dominance of the new Keynesian approach. Monetary Theory and Policy continues to be the only comprehensive and up-to-date treatment of monetary economics, not only the leading text in the field but also the standard reference for academics and central bank researchers.
| Author | : James Tobin |
| Publisher | : MIT Press |
| Total Pages | : 838 |
| Release | : 1996 |
| Genre | : Business & Economics |
| ISBN | : 9780262201018 |
Download Essays in Economics Book in PDF, ePub and Kindle
This fourth volume in the series of Nobel laureate James Tobin's classic papers represents his work since 1980. This fourth volume in the series of Nobel laureate James Tobin's classic papers represents his work since 1980. Both national and international views are intermingled among the 36 chapters on macroeconomics and fiscal policy, savings, stabilization policy, international coordination of macroeconomic policy, monetary policy, and exchange rates. Several tributes to colleagues--including Walter Heller and Seymour Harris--round out the collection.
| Author | : Hrishikesh D Vinod |
| Publisher | : World Scientific |
| Total Pages | : 645 |
| Release | : 2022-04-08 |
| Genre | : Business & Economics |
| ISBN | : 9811256195 |
Download Hands-on Intermediate Econometrics Using R: Templates For Learning Quantitative Methods And R Software (Second Edition) Book in PDF, ePub and Kindle
How to learn both applied statistics (econometrics) and free, open-source software R? This book allows students to have a sense of accomplishment by copying and pasting many hands-on templates provided here.The textbook is essential for anyone wishing to have a practical understanding of an extensive range of topics in Econometrics. No other text provides software snippets to learn so many new statistical tools with hands-on examples. The explicit knowledge of inputs and outputs of each new method allows the student to know which algorithm is worth studying. The book offers sufficient theoretical and algorithmic details about a vast range of statistical techniques.The second edition's preface lists the following topics generally absent in other textbooks. (i) Iteratively reweighted least squares, (ii) Pillar charts to represent 3D data. (iii) Stochastic frontier analysis (SFA) (iv) model selection with Mallows' Cp criterion. (v) Hodrick-Prescott (HP) filter. (vi) Automatic ARIMA models. (vi) Nonlinear Granger-causality using kernel regressions and bootstrap confidence intervals. (vii) new Keynesian Phillips curve (NKPC). (viii) Market-neutral pairs trading using two cointegrated stocks. (ix) Artificial neural network (ANN) for product-specific forecasting. (x) Vector AR and VARMA models. (xi) New tools for diagnosing the endogeneity problem. (xii) The elegant set-up of k-class estimators and identification. (xiii) Probit-logit models and Heckman selection bias correction. (xiv) Receiver operating characteristic (ROC) curves and areas under them. (xv) Confusion matrix. (xvi) Quantile regression (xvii) Elastic net estimator. (xviii) generalized Correlations (xix) maximum entropy bootstrap for time series. (xx) Convergence concepts quantified. (xxi) Generalized partial correlation coefficients (xxii) Panel data and duration (survival) models.
