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This 20th edition of the NBER Macroeconomics Annual treats many questions at the cutting edge of macroeconomics that are central to current policy debates. The papers and discussions include an analysis of the differential between American and European unemployment rates, with the authors of the paper taking issue with Edward Prescott's view that higher European tax rates are responsible; a provocative account of the relationship between fluctuations in the hiring rate of new workers and the U.S. unemployment rate; an analysis of the 20-year decline in aggregate volatility (and the rise in firm volatility); a model that compares the effectiveness of monetary policy that targets inflation rates to one that targets simple wage inflation; a roadmap to using Bayesian approaches in solving empirical puzzles; and a microeconomic model that shows the desirability of maintaining a stable inflation rate even in isolated situations that would seem to call for a more flexible policy toward inflation.

Macroeconomics. --- Econometrics. --- Economics, Mathematical --- Statistics --- Economics --- ECONOMICS/Macroeconomics

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The field of financial econometrics has exploded over the last decade. This book represents an integration of theory, methods, and examples using the S-PLUS statistical modeling language and the S+FinMetrics module to facilitate the practice of financial econometrics. This is the first book to show the power of S-PLUS for the analysis of time series data. It is written for researchers and practitioners in the finance industry, academic researchers in economics and finance, and advanced MBA and graduate students in economics and finance. Readers are assumed to have a basic knowledge of S-PLUS and a solid grounding in basic statistics and time series concepts. This second edition is updated to cover S+FinMetrics 2.0 and includes new chapters on copulas, nonlinear regime switching models, continuous-time financial models, generalized method of moments, semi-nonparametric conditional density models, and the efficient method of moments. Eric Zivot is an associate professor and Gary Waterman Distinguished Scholar in the Economics Department, and adjunct associate professor of finance in the Business School at the University of Washington. He regularly teaches courses on econometric theory, financial econometrics and time series econometrics, and is the recipient of the Henry T. Buechel Award for Outstanding Teaching. He is an associate editor of Studies in Nonlinear Dynamics and Econometrics. He has published papers in the leading econometrics journals, including Econometrica, Econometric Theory, the Journal of Business and Economic Statistics, Journal of Econometrics, and the Review of Economics and Statistics. Jiahui Wang is a Principal and Trading Research Officer at Barclays Global Investors. He received a Ph.D. in Economics from the University of Washington in 1997. He has published in leading econometrics journals such as Econometrica and Journal of Business and Economic Statistics, and is the Principal Investigator of National Science Foundation SBIR grants. In 2002 Dr. Wang was selected as one of the "2000 Outstanding Scholars of the 21st Century" by International Biographical Centre.

Statistics. --- Economics, Mathematical. --- Econometrics. --- Statistics for Business/Economics/Mathematical Finance/Insurance. --- Statistics and Computing/Statistics Programs. --- Quantitative Finance. --- Mathematical statistics. --- Finance. --- Statistics for Business, Management, Economics, Finance, Insurance. --- Mathematics --- Statistical inference --- Statistics, Mathematical --- Statistics --- Probabilities --- Sampling (Statistics) --- Funding --- Funds --- Economics --- Currency question --- Economics, Mathematical --- Statistical analysis --- Statistical data --- Statistical methods --- Statistical science --- Econometrics --- Statistics . --- Economics, Mathematical . --- Mathematical economics --- Methodology --- S-Plus. --- SPlus

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Quantitative methods (economics) --- Econometrics --- 330.115 --- -330.015195 --- Economics, Mathematical --- Statistics --- Econometrie --- Econometrie. --- 330.115 Econometrie --- Econometrics - Textbooks --- -Econometrics --- -Econometrie.

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The ability to conceptualize an economic problem verbally, to formulate it as a mathematical model, and then represent the mathematics in software so that the model can be solved on a computer is a crucial skill for economists. 'Computational Economics' contains well-known models--and some brand-new ones--designed to help students move from verbal to mathematical to computational representations in economic modeling. The authors' focus, however, is not just on solving the models, but also on developing the ability to modify them to reflect one's interest and point of view. The result is a book that enables students to be creative in developing models that are relevant to the economic problems of their times. Unlike other computational economics textbooks, this book is organized around economic topics, among them macroeconomics, microeconomics, and finance. The authors employ various software systems--including MATLAB, Mathematica, GAMS, the nonlinear programming solver in Excel, and the database systems in Access--to enable students to use the most advantageous system. The book progresses from relatively simple models to more complex ones, and includes appendices on the ins and outs of running each program. The book is intended for use by advanced undergraduates and professional economists and even, as a first exposure to computational economics, by graduate students., Organized by economic topics, Progresses from simple to more complex models, Includes instructions on numerous software systems, Encourages customization and creativity

Quantitative methods (economics) --- Economics, Mathematical --- Economics --- Data processing --- Mathematical models --- Computer programs --- Economics, Mathematical. --- Computer programs. --- Data processing. --- Mathematical models. --- 330.105 --- AA / International- internationaal --- 305.971 --- Econometrics --- -330.015195 --- Economic theory --- Political economy --- Social sciences --- Economic man --- Statistics --- Mathematical economics --- Mathematics --- Wiskundige economie. Wiskundige methoden in de economie --- Speciale gevallen in econometrische modelbouw. --- Computer simulation --- Methodology --- 330.105 Wiskundige economie. Wiskundige methoden in de economie --- 330.015195 --- Speciale gevallen in econometrische modelbouw --- Economics - Data processing --- Economics - Mathematical models --- Economics - Computer programs

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A mechanism is a mathematical structure that models institutions through which economic activity is guided and coordinated. There are many such institutions; markets are the most familiar ones. Lawmakers, administrators and officers of private companies create institutions in order to achieve desired goals. They seek to do so in ways that economize on the resources needed to operate the institutions, and that provide incentives that induce the required behaviors. This book presents systematic procedures for designing mechanisms that achieve specified performance, and economize on the resources required to operate the mechanism. The systematic design procedures are algorithms for designing informationally efficient mechanisms. Most of the book deals with these procedures of design. When there are finitely many environments to be dealt with, and there is a Nash-implementing mechanism, our algorithms can be used to make that mechanism into an informationally efficient one. Informationally efficient dominant strategy implementation is also studied.

330.105 --- 330.105 Wiskundige economie. Wiskundige methoden in de economie --- Wiskundige economie. Wiskundige methoden in de economie --- Microeconomics --- Business, Economy and Management --- Economics --- Economics, Mathematical. --- Mathematical optimization. --- Game theory. --- Mathematical models. --- Games, Theory of --- Theory of games --- Mathematical models --- Mathematics --- Optimization (Mathematics) --- Optimization techniques --- Optimization theory --- Systems optimization --- Mathematical analysis --- Maxima and minima --- Operations research --- Simulation methods --- System analysis --- Economics, Mathematical --- Mathematical economics --- Econometrics --- Methodology --- Mathematical optimization --- Game theory --- Economics - Mathematical models