Statistical Inference in Dynamic Economic Models
Author : Yale University. Cowles Foundation for Research in Economics
Publisher :
Page : 438 pages
File Size : 44,24 MB
Release : 1962
Category : Economics
ISBN :
Author : Yale University. Cowles Foundation for Research in Economics
Publisher :
Page : 438 pages
File Size : 44,24 MB
Release : 1962
Category : Economics
ISBN :
Author : Tjalling C. Koopmans
Publisher :
Page : 438 pages
File Size : 29,74 MB
Release : 1958
Category :
ISBN :
Author : Tjalling Koopmans
Publisher : Hassell Street Press
Page : 464 pages
File Size : 45,25 MB
Release : 2021-09-10
Category :
ISBN : 9781015011458
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author : Tjalling C. Koopmans
Publisher :
Page : 438 pages
File Size : 42,87 MB
Release : 1967
Category :
ISBN :
Author : Cowles Commission for Research in Economics
Publisher :
Page : 0 pages
File Size : 26,83 MB
Release : 1950
Category :
ISBN :
Author : Bent Jesper Christensen
Publisher : Princeton University Press
Page : 488 pages
File Size : 36,36 MB
Release : 2021-07-13
Category : Business & Economics
ISBN : 1400833108
Economic Modeling and Inference takes econometrics to a new level by demonstrating how to combine modern economic theory with the latest statistical inference methods to get the most out of economic data. This graduate-level textbook draws applications from both microeconomics and macroeconomics, paying special attention to financial and labor economics, with an emphasis throughout on what observations can tell us about stochastic dynamic models of rational optimizing behavior and equilibrium. Bent Jesper Christensen and Nicholas Kiefer show how parameters often thought estimable in applications are not identified even in simple dynamic programming models, and they investigate the roles of extensions, including measurement error, imperfect control, and random utility shocks for inference. When all implications of optimization and equilibrium are imposed in the empirical procedures, the resulting estimation problems are often nonstandard, with the estimators exhibiting nonregular asymptotic behavior such as short-ranked covariance, superconsistency, and non-Gaussianity. Christensen and Kiefer explore these properties in detail, covering areas including job search models of the labor market, asset pricing, option pricing, marketing, and retirement planning. Ideal for researchers and practitioners as well as students, Economic Modeling and Inference uses real-world data to illustrate how to derive the best results using a combination of theory and cutting-edge econometric techniques. Covers identification and estimation of dynamic programming models Treats sources of error--measurement error, random utility, and imperfect control Features financial applications including asset pricing, option pricing, and optimal hedging Describes labor applications including job search, equilibrium search, and retirement Illustrates the wide applicability of the approach using micro, macro, and marketing examples
Author : Tjalling Charles Koopmans
Publisher :
Page : 438 pages
File Size : 22,9 MB
Release : 1950
Category : Economics, Mathematical
ISBN :
Author : Tjalling Charles Koopmans
Publisher :
Page : 438 pages
File Size : 31,85 MB
Release : 1967
Category :
ISBN :
Author : Tjalling C. Koopmans
Publisher :
Page : 438 pages
File Size : 37,13 MB
Release : 1958
Category :
ISBN :
Author : Tjalling Charles Koopmans
Publisher :
Page : 14 pages
File Size : 21,60 MB
Release : 1950
Category :
ISBN :