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Nonparametric econometrics
Authors: ---
ISBN: 0521586119 0521355648 0511889496 0511612508 9780521355643 9780521586115 9780511612503 Year: 1999 Publisher: Cambridge Cambridge University Press

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This book systematically and thoroughly covers the vast literature on the nonparametric and semiparametric statistics and econometrics that has evolved over the last five decades. Within this framework this is the first book to discuss the principles of the nonparametric approach to the topics covered in a first year graduate course in econometrics, e.g. regression function, heteroskedasticity, simultaneous equations models, logit-probit and censored models. Nonparametric and semiparametric methods potentially offer considerable reward to applied researchers, owing to the methods' ability to adapt to many unknown features of the data. Professors Pagan and Ullah provide intuitive explanations of difficult concepts, heuristic developments of theory, and empirical examples emphasizing the usefulness of the modern nonparametric approach. The book should provide a new perspective on teaching and research in applied subjects in general and econometrics and statistics in particular.


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A Small Structural Monetary Policy Model for Small Open Economies with Debt Accumulation
Authors: ---
ISBN: 1462322514 145199334X 1282448218 9786613821409 1451913796 Year: 2008 Publisher: Washington, D.C. : International Monetary Fund,

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We extend a small New Keynesian structural model used for monetary policy analysis to address a richer class of policy issues that arise in open economy analysis. We draw a distinction between absorption and domestic output, and as the difference between the two is effectively the current account, there is now an explicit accumulation or decumulation of foreign liabilities in response to various shocks affecting the system. Such stock equilibria can now have an impact back on to the flows in the domestic economy. We perform simulations using parameters calibrated to the Canadian economy and compare the differences in impulse responses from the original model. Advantages in a forecasting environment owing to the ability to impose explicit projections about imports and exports are also exposed.

The theory of economic policy
Authors: ---
ISBN: 0521233666 0521070228 0511895755 9780521233668 9780511895753 9780521070225 Year: 1982 Publisher: Cambridge Cambridge University Press

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This book provides a unified analysis of the theory of economic policy, presenting static and dynamic aspects of both the fixed and flexible objective policy problems. The authors conceive of the abstract theory of economic policy as the interaction of policy possibilities with policy-making requirements. Policy possibilities are depicted by a known, linear model relating sets of targets, instruments and other variables. Policy-making requirements are imposed in two forms: directly by nominating a specific fixed target in the tradition of Tinbergen; and indirectly by specifying preferences about targets - the flexible target associated with Theil.


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Monetary Transmission in an Emerging Targeter : The Case of Brazil
Authors: --- ---
ISBN: 1451915020 1462375979 1451870493 1282841424 9786612841422 1452778345 Year: 2008 Volume: WP/08/191 Publisher: Washington, D.C. : International Monetary Fund,

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This paper lays out a structural model that incorporates key features of monetary transmission in typical emerging-market economies, including a bank-credit channel and the role of external debt accumulation on country risk premia and exchange rate dynamics. We use an SVAR representation of the model to study the monetary transmission in Brazil. We find that interest rate changes have swifter effects on output and inflation compared to advanced economies and that exchange rate dynamics plays a key role in this connection. Importantly, the response of inflation to monetary policy shocks has grown stronger and the output-inflation tradeoff improved since the introduction of inflation targeting.


Book
Evaluating a real business cycle model
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Year: 1993 Publisher: Florence : European university institute,

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Evaluating a real business cycle model
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Year: 1993 Publisher: San Domenico (FI) : European university institute,

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