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Advances in Econometrics: Volume 2: Sixth World Congress: Sixth World Congress v. 2 (Econometric Society Monographs)

Advances in Econometrics: Volume 2: Sixth World Congress: Sixth World Congress v. 2 (Econometric Society Monographs)

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Cambridge University Press, 9/8/1994
EAN 9780521444606, ISBN10: 0521444608

Hardcover, 432 pages, 22.9 x 15.2 x 2.9 cm
Language: English

This is the second of a 1994 two-volume set of articles reflecting the state of research in theoretical and applied econometrics. The topics covered include time series methods, semiparametric methods, seasonality, financial economics, model solution techniques, economic development and labour economics. All the contributions were commissioned to be presented at the plenary sessions of the Sixth World Congress of the Econometric Society in Barcelona.

Part I. Labour Supply
1. Evaluating structural microeconometric models of labour supply Richard Blundell
2. Intertemporal labour supply
an assessment David Card
Part II. Competition for Stochastic Equilibrium
3. Simulation analysis of dynamic stochastic models
applications to theory and estimation Albert Marcet
4. Estimation of dynamic structural models
problems and prospects John Rust
5. Dynamic structural models
problems and prospects Ariel Pakes
Comment on papers by Marcet, Rust and Pakes Kenneth Judd
Part III. Econometrics of Finance
6. Econometric analysis of representative agent intertemporal asset pricing models Kenneth Singleton
7. Estimation of continuous-time models in finance Angelo Melino
Part IV. Development Economics
8. Political instability, political weakness, and inflation
an empirical analysis Sebastian Edwards
9. Credibility and the dynamics of stabilization policy
a basic framework Guillermo A. Calvo and Carlos A. Vegh.

"This reviewer is pleased to recommend these essays to all those who wish to keep abreast of the developments in these areas, specialists and new entrants alike. This monograph is a must read for all those who regard themselves as serious researchers in econometrics." Baldev Raj, Mathematical Reviews