Some Econometric Issues in Convergence Regressions

Salary : Issues in Multiple Regressions

Econometric Issues in DSGE Models

Some Issues in Monitoring Convergence of Iterative Simulations

In this paper, we discuss some recent results and open questions concerning monitoring convergence of iterative simulations. We begin by discussing the various approaches to convergence assessment proposed in the literature, grouping the methods according to their underlying principles. We then discuss how MCMC simulations can be constructed so that convergence monitoring is simpliied. Finally,...

Running Regressions: Some Psychological Constraints

Two effects interact to limit the validity of econometrics: cognitive dissonance and empirical arbitrariness. With cognitive dissonance, there is a psychological motivation inappropriately to manipulate what are seen as ‘wrong’ answers. This is possible when many data/modelling possibilities exist allowing econometricians ‘room to manoeuvre’ in their research strategies. Examples from investmen...

Some Milestones in Econometric Computing Introduction

The two papers in this section describe aspects of econometric computational developments during early years of the use of the electronic computer by economists. These papers and this journal section itself are part of an ongoing effort to bring to light the details of this use, a clarifying effort that began to achieve traction most noticeably in 2004 with the simultaneous publication of a spe...