Compare Prices | Create Shopping Lists with Price Drop Alerts | Set Coupons, Promo Codes & Sales Alerts | Get Access to Exclusive Deals and Much More... All in One Place | Read all about it here

Recent Developments in Nonlinear Cointegration with Applications to Macroeconomics and Finance

Recent Developments in Nonlinear Cointegration with Applications to Macroeconomics and Finance

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9781402070297
Condition
New
Product Description

This book is an introductory exposition of different topics that emerged in the literature as unifying themes between two fields of econometrics of time series, namely nonlinearity and nonstationarity. Papers on these topics have exploded over the last two decades, but they are rarely ex amined together. There is, undoubtedly, a variety of arguments that justify such a separation. But there are also good reasons that motivate their combination. People who are reluctant to a combined analysis might argue that nonlinearity and nonstationarity enhance non-trivial problems, so their combination does not stimulate interest in regard to plausibly increased difficulties. This argument can, however, be balanced by other ones of an economic nature. A predominant idea, today, is that a nonstationary series exhibits persistent deviations from its long-run components (either deterministic or stochastic trends). These persistent deviations are modelized in various ways: unit root models, fractionally integrated processes, models with shifts in the time trend, etc. However, there are many other behaviors inherent to nonstationary processes, that are not reflected in linear models. For instance, economic variables with mixture distributions, or processes that are state-dependent, undergo episodes of changing dynamics. In models with multiple long-run equi libria, the moving from an equilibrium to another sometimes implies hys teresis. Also, it is known that certain shocks can change the economic fundamentals, thereby reducing the possibility that an initial position is re-established after a shock (irreversibility).

Available Colors
Available Sizes
1 Offer Price Range: $84.99 - $84.99
BEST PRICE

Single Product Purchase

$84.99
@ Link.springer.com     BUY Now

Price Comparison

Seller Contact Seller List Price On Sale Shipping Best Promo Final Price Volume Discount Financing Availability Seller's Page
BEST PRICE
1 Product Purchase
@ Link.springer.com
Contact Store Call Store Contact Support
$84.99 $84.99

$84.99
See Site In stock Visit Store

Similar Products

Neue Entwicklungen in der Unternehmensorganisation

$159.99

Lectures in Obstetrics, Gynaecology and Womens Health

$54.99

The Practice of Enterprise Modeling

$54.99

The Rise of Hybrid Political Islam in Turkey

$99.99

Anschauliche Geometrie

$74.99

An Integrated Solution Based Irregular Driving Detection

$109.99

Electrophysiological Recording Techniques

$89.00

Allelopathy

$219.99

Non-Linear Optical Response in Atoms, Molecules and Clusters

$54.99

Technical and Vocational Teacher Education and Training in International and Development Co-Operatio

$139.00

Introduction to Mathematics for Economics with R

$54.99

Environmental Technology Development in Liberal and Coordinated Market Economies

$39.99

DNA Nanotechnology

$169.99

Dealing with Socially Responsible Consumers

$99.99

Simply Seven

$54.99

Zeta Integrals, Schwartz Spaces and Local Functional Equations

$49.99

Investitionsrechnung kompakt

$29.95

Guide to Automotive Connectivity and Cybersecurity

$109.99

IQM Demenz in der Altenpflege

$49.99

Autoritt reloaded

$24.99

Dynamics and Management of Reasoning Processes

$109.99

Five Nights at Freddy's Coloring Book

$11.99

Zur Theorie der Siedlungsgrenverteilungen

$4.99

Turkey and the European Community

$54.99

Wrmemanagement in der Elektronik

$99.99

In Situ Assessment of Structural Timber

$84.99

The Gaussian Approximation Potential

$99.00

Literature 1976, Part 1

$54.99

Social Inclusion: Societal and Organizational Implications for Information Systems

$109.99

Space Clinical Medicine

$219.99

Psychotherapy

$84.99

Applied and Fundamental Aspects of Plant Cell, Tissue, and Organ Culture

$84.99

Beitrag zur Rationalisierung handwerklicher Betriebe

$59.99

Internationale Anlagestrategie

$44.99

Japanese Contractors in Overseas Markets

$129.00

Bewegung und Gesundheit

$34.99

Sustainable Finance in the Green Economy

$219.99

Integer Programming

$32.99

Eigentum an Krperteilen

$89.99

Advanced Technologies, Systems, and Applications

$169.99