Research from all publishers Recent advances in econometric research have focused on refining estimation techniques to address issues such as model misspecification and data non-normality.

This paper proposes the residual-based stochastic predictor as an alternative procedure for obtaining forecasts with a static nonlinear econometric model. This procedure modifies the usual Monte Carlo ...

Abstract This paper analyzes the impact of an increase in Japanese government bonds (JGB) yields on the Japanese banks and the macro economy, based on the Financial Macro-econometric Model introduced ...

This paper presents econometric evidence on the effect of tax incentives on business investment in the United States in the period from 1953 through 1978. The analysis emphasizes that the interation ...

Using macro-econometric models is one way to respond to this. In recent years, the governments, central banks and international organizations of many nations have placed more emphasis on aligning ...