Testing Macroeconomic Models By Indirect Inference On Unfiltered Data

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Testing Macroeconomic Models By Indirect Inference On Unfiltered Data

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Author : David Meenagh
language : en
Publisher:
Release Date : 2012

Testing Macroeconomic Models By Indirect Inference On Unfiltered Data written by David Meenagh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Econometric models categories.

Testing Macro Models By Indirect Inference

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Author : Vo Phuong Mai Le
language : en
Publisher:
Release Date : 2015

Testing Macro Models By Indirect Inference written by Vo Phuong Mai Le and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Bootstrap (Statistics) categories.

With Monte Carlo experiments on models in widespread use we examine the performance of indirect inference (II) tests of DSGE models in small samples. We compare these tests with ones based on direct inference (using the Likelihood Ratio, LR). We find that both these tests have power so that a substantially false model will tend to be rejected by both; but that the power of the II test is substantially greater, both because the LR is applied after re-estimation of the model error processes and because the II test uses the false model's own restricted distribution for the auxiliary model's coefficients. This greater power allows users to focus this test more narrowly on features of interest, trading off power against tractability.

Testing Macro Models For Policy Use An Insurrection In Applied Modelling

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Author : Patrick Minford
language : en
Publisher:
Release Date : 2016

Testing Macro Models For Policy Use An Insurrection In Applied Modelling written by Patrick Minford and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.

I describe a new departure in classical testing methods based on Indirect Inference. I argue that it gives policymakers, anxious to know if their models give reliable policy conclusions, a way to find out. I discuss how using Monte Carlo experiments my co-authors and I have found that in the small samples typically available in macroeconomic modelling, the Indirect Inference Wald, IIW, test has considerably more power than the popular direct inference test using the Likelihood Ratio, LR. This is both because the LR is applied after re-estimation of the model error processes and because the IIW test uses the false model's own restricted distribution for the auxiliary model's coefficients. This greater power allows users to focus this test more narrowly on features of interest, trading off power against tractability. If they can find a model version that is not rejected by the test, they can then discover the robustness of their model results to the parameter variations that might also have passed the test.

Real Estate Modelling And Forecasting

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Author : Chris Brooks
language : en
Publisher: Cambridge University Press
Release Date : 2010-04-15

Real Estate Modelling And Forecasting written by Chris Brooks and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-04-15 with Business & Economics categories.

As real estate forms a significant part of the asset portfolios of most investors and lenders, it is crucial that analysts and institutions employ sound techniques for modelling and forecasting the performance of real estate assets. Assuming no prior knowledge of econometrics, this book introduces and explains a broad range of quantitative techniques that are relevant for the analysis of real estate data. It includes numerous detailed examples, giving readers the confidence they need to estimate and interpret their own models. Throughout, the book emphasises how various statistical techniques may be used for forecasting and shows how forecasts can be evaluated. Written by a highly experienced teacher of econometrics and a senior real estate professional, both of whom are widely known for their research, Real Estate Modelling and Forecasting is the first book to provide a practical introduction to the econometric analysis of real estate for students and practitioners.

Real Business Cycles

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Author : James Hartley
language : en
Publisher: Routledge
Release Date : 2013-07-04

Real Business Cycles written by James Hartley and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-04 with Business & Economics categories.

Real Business Cycle theory combines the remains of monetarism with the new classical macroeconomics, and has become one of the dominant approaches within contemporary macroeconomics today. This volume presents: * the authoritative anthology in RBC. The work contains the major articles introducing and extending the theory as well as critical literature * an extensive introduction which contains an expository summary and critical evaluation of RBC theory * comprehensive coverage and balance between seminal papers and extensions; proponents and critics; and theory and empirics. Macroeconomics is a compulsory element in most economics courses, and this book will be an essential guide to one of its major theories.

Macroeconomic Fluctuations In Developing Countries

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Author : Mr.Eswar Prasad
language : en
Publisher: International Monetary Fund
Release Date : 1999-03-01

Macroeconomic Fluctuations In Developing Countries written by Mr.Eswar Prasad and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-03-01 with Business & Economics categories.

This paper documents the main stylized features of macroeconomic fluctuations for 12 developing countries. Cross-correlations between domestic industrial output and a large group of macroeconomic variables (including fiscal variables, wages, inflation, money, credit, trade, and exchange rates) are presented. Also analyzed are the effects of industrial country economic conditions on output fluctuations in these countries. The robustness of the results is examined using different detrending procedures. The results indicate many similarities between macroeconomic fluctuations in developing and industrial countries (procyclical real wages; countercyclical variation in government expenditure) and some important differences (countercyclical variation in the velocity of monetary aggregates).

What Is Theory

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Author : Hervé Corvellec
language : en
Publisher: Copenhagen Business School Press DK
Release Date : 2013

What Is Theory written by Hervé Corvellec and has been published by Copenhagen Business School Press DK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Social sciences categories.

There is no consensus in the social and cultural sciences on what theory is, and that is as it should be. A consensus would be outright dangerous for the diversity of intellectual life. The perspectives represented in this volume show that theory can be understood as plot, hope, beholding, doxa, heritage, a stalemate, disappointment, personal matter, or family concept. But, even if theory can be defined in many ways, it cannot be defined in any one way. Beyond disciplinary and epistemological differences, theory has the steadfast characteristic of being what academics work with. More than an epistemological matter, the book's title question is an entry into the dynamics of academic practice. The book consists of a multidisciplinary collection of essays that are tied together by a common effort to tell what theory is. These essays are also paired as dialogues between senior and junior researchers from the same, or allied, disciplines to add a trans-generational dimension to the book's multidisciplinary approach. What Is Theory? has been designed for upper division and graduate students in the social sciences and the humanities, but it will also be of interest to anyone who has felt that the question of what theory is can be more easily asked than answered. Contents include: Why Ask What Theory Is? * The History of the Concept of Theory * History of Ideas at the End of Western Dominance * Looking at Theory in Theory in Science * Theory Has No Big Others in Science and Technology Studies * What Social Science Theory Is and What It Is Not * Theory as Hope * Theory Crisis and the Necessity of Theory - The Dilemmas of Sociology * Theory as Disappointment * Theory - A Personal Matter * Theory - A Professional Matter * Economic Theory - A Critical Realist Perspective * For Theoretical Pluralism in Economic Theory * What Is Theory in Political Science? * For a New Vocabulary of Theory in Political Science * Theorizing the Earth * Spatial Theory as an Interdisciplinary Praxis. *** "This highly original, lively and refreshing book is more than welcome: it is needed....the contributors' insights, passion and diversity fully restore the creative value of theorizing as a way to grasp, understand and more importantly shape the world." - Franck Cochoy, Professor of Sociology, U. of Toulouse

The Next Digital Decade

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Author : Berin Szoka
language : en
Publisher: TechFreedom
Release Date : 2011-06-10

The Next Digital Decade written by Berin Szoka and has been published by TechFreedom this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-06-10 with Computers categories.

International Handbook Of Migration And Population Distribution

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Author : Michael J. White
language : en
Publisher: Springer
Release Date : 2015-12-11

International Handbook Of Migration And Population Distribution written by Michael J. White and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-11 with Social Science categories.

This Handbook offers a comprehensive collection of essays that cover essential features of geographical mobility, from internal migration, to international migration, to urbanization, to the adaptation of migrants in their destinations. Part I of the collection introduces the range of theoretical perspectives offered by several social science disciplines, while also examining the crucial relationship between internal and international migration. Part II takes up methods, ranging from how migration data are best collected to contemporary techniques for analyzing such data. Part III of the handbook contains summaries of present trends across all world regions. Part IV rounds out the volume with several contributions assessing pressing issues in contemporary policy areas. The volume’s editor Michael J. White has spent a career studying the pattern and process of internal and international migration, urbanization and population distribution in a wide variety of settings, from developing societies to advanced economies. In this Handbook he brings together contributors from all parts of the world, gathering in this one volume both geographical and substantive expertise of the first rank. The Handbook will be a key reference source for established scholars, as well as an invaluable high-level introduction to the most relevant topics in the field for emerging scholars.

Computational And Statistical Methods In Intelligent Systems

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Author : Radek Silhavy
language : en
Publisher: Springer
Release Date : 2018-08-29

Computational And Statistical Methods In Intelligent Systems written by Radek Silhavy and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-08-29 with Technology & Engineering categories.

This book presents real-world problems and pioneering research in computational statistics, mathematical modeling, artificial intelligence and software engineering in the context of intelligent systems. It gathers the peer-reviewed proceedings of the 2nd Computational Methods in Systems and Software 2018 (CoMeSySo 2018), a conference that broke down traditional barriers by being held online. The goal of the event was to provide an international forum for discussing the latest high-quality research results.