Digital Commons Network^™

Public Law 102-550: Housing And Community Development Act Of 1992, U.S. Congress

Documents

No abstract provided.

Rtc: Asset Management Systems, Howard G. Rhile

Documents

No abstract provided.

Construction Of Stationary Markov Equilibria In A Strategic Market Game, Ioannis Karatzas, Martin Shubik, William D. Sudderth

Cowles Foundation Discussion Papers

This paper studies stationary noncooperative equilibria in an economy with fiat money , one nondurable commodity , countably many time periods, no credit or futures market, and a measure space of agents — who may differ in their preferences and in the distributions of their (random) endowments. These agents are immortal, and hold fiat money as a means of hedging against the random fluctuations in their endowments of the commodity. In the aggregate, these fluctuations offset each other, and equilibrium prices are constant. We carry out an equilibrium analysis that focuses on distribution of wealth, on consumption, and on price …

Time Series Modeling With A Bayesian Frame Of Reference: Concepts, Illustrations And Asymptotics, Peter C.B. Phillips, Werner Ploberger

Cowles Foundation Discussion Papers

This paper offers an approach to time series modeling that attempts to reconcile classical and Bayesian methods. The central idea put forward to achieve this reconciliation is that the Bayesian approach relies implicitly on a frame of reference for the data generating mechanism that is quite different from the one that is employed in the classical approach. Differences in inferences from the two approaches are therefore to be expected unless the altered frame of reference is taken into account. We show that the new frame of reference in Bayesian inference is a consequence of a change of measure that arises …

Yale Medicine : Alumni Bulletin Of The School Of Medicine, Fall 1992- Summer 1994, Yale University. School Of Medicine

Yale Medicine Magazine - alumni bulletin and magazine

This volume contains Yale medicine: alumni bulletin of the School of Medicine, v.27 (Fall 1992) through v.28 (Summer 1994). Prepared in cooperation with the alumni and development offices at the School of Medicine. Earlier volumes are called Yale School of Medicine alumni bulletins, dating from v.1 (1953) through v.13 (1965).

Digitized with funding from the Arcadia fund, 2017.

Nota Bene; Volume Vi, Number Iii, Yale University Library

Nota Bene

Nota Bene is published during the academic year to acquaint the Yale community and others with the resources of the Yale Library.

Focus - Sweden Moving To Shore Up Its Shaky Finances., Randall Mikkelsen

Documents

No abstract provided.

Swedish Mof Press Release Announcing Blanket Guarantee, Sweden: Ministry Of Finance

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No abstract provided.

Ley No 24.144 - Central Bank Of The Argentine Republic, Argentina: Congreso

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No abstract provided.

International Company News: Gota Suspends Payments In Skr3.5bn Debt Crisis, Sara Webb

Documents

No abstract provided.

U.S. Money Demand: Surprising Cross-Sectional Estimates, Casey B. Mulligan, Xavier Sala-I-Martin

Discussion Papers

No abstract provided.

The Reconstruction And Stabilization Of The Postwar Japanese Economy: Possible Lessons For Eastern Europe?, Koichi Hamada, Munehisa Kasuya

Discussion Papers

No abstract provided.

Theories Of Long-Run Growth: Old And New, T. N. Srinivasan, Lakshmi K. Raut

Discussion Papers

No abstract provided.

Tjalling Charles Koopmans (August 28, 1910–February 26, 1985), Herbert E. Scarf

Cowles Foundation Discussion Papers

Tjalling C. Koopmans made fundamental contributions to economics. This paper, prepared for a National Academy of Sciences volume of memoirs, provides a biographical sketch of this extraordinary individual.

Poverty In Relation To Macroeconomic Trends, Cycles, And Policies, James Tobin

Cowles Foundation Discussion Papers

This survey concludes that general prosperity and economic growth have been considerably less powerful engines of progress against poverty in the U.S. than they were before 1973. Macroeconomic performance has deteriorated, and its relation to poverty has weakened too. It is shown that the incidence of poverty can be fairly well explained by regressions on unemployment rates and real wages, both in national time series and in state cross-sections. Recent downward deviations from these regressions appear to reflect structural labor market changes that make poverty less treatable by macro medicine.

Is Gold An Efficient Store Of Value?, Pradeep Dubey, John Geanakoplos, Martin Shubik

Cowles Foundation Discussion Papers

Gold and tobacco have both been used as money. One difference between the two is that gold yields utility, on account of its beauty, without diminishing its quantity. Tobacco yields utility when it is consumed. If this were the only difference, which would be the better money?

Yale Scientific Magazine: Volume 67, Number 1

Yale Scientific Magazine

No abstract provided.

Declaration On Economic Policy By The Finnish Government, Government Of Finland

Documents

No abstract provided.

A Comparative Study Of Fertility Determinants In Togo And Uganda: A Hazard Model Analysis, Namkee Ahn, Abusaleh Shariff

Discussion Papers

No abstract provided.

The Role Of Education And Human Capital In Economic Development: An Empirical Assessment, T. Paul Schultz

Discussion Papers

No abstract provided.

Bayes Models And Forecasts Of Australian Macroeconomic Time Series, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper provides an empirical implementation of some recent work by the author and Werner Ploberger on the development of “Bayes models” for time series. The methods offer a new data-based approach to model selection, to hypothesis testing and to forecast evaluation in the analysis of time series. A particular advantage of the approach is that modelling issues such as lag order, parameter constancy, and the presence of deterministic and stochastic trends all come within the compass of the same statistical methodology, as do the evaluation of forecasts from competing models. The paper shows how to build parsimonious empirical “Bayes …

Bayes Methods For Trending Multiple Time Series With An Empirical Application To The Us Economy, Peter C.B. Phillips

Cowles Foundation Discussion Papers

Multiple time series models with stochastic regressors are considered and primary attention is given to vector autoregressions (VAR’s) with trending mechanisms that may be stochastic, deterministic or both. In a Bayesian framework, the data density in such a system implies the existence of a time series “Bayes model” and “Bayes measure” of the data. These are predictive models and measures for the next period observation given the historical trajectory to the present. Issues of model selection, hypothesis testing and forecast evaluation are all studied within the context of these models and the measures are used to develop selection criteria, test …

Approximately Median-Unbiased Estimation Of Autoregressive Models With Applications To U.S. Macroeconomic And Financial Time Series, Donald W.K. Andrews, Hong-Yuan Chen

Cowles Foundation Discussion Papers

This paper introduces approximately median-unbiased estimators for univariate AR( p ) models with time trends. Confidence intervals also are considered. The methods are applied to the Nelson–Plosser macroeconomic data series, the extended Nelson–Plosser macroeconomic data series, and some annual stock dividend and price series. The results show that most of the series exhibit substantially greater persistence than least squares estimates and some Bayesian estimates suggest. For example, for the extended Nelson–Plosser data set, eight of the fourteen series are estimated to have a unit root, while six are estimated to be trend stationary. In contrast, the least squares estimates indicate …

Rtc: Western Storm Investigation And Related Contracting Deficiencies, Gaston Gianni

Documents

No abstract provided.

The Distribution Of Income And Expenditure Within The Household, Duncan Thomas

Discussion Papers

No abstract provided.

Education And Women’S Time Allocation To Non-Market Work In An Urban Setting Of India, R. Malathy

Discussion Papers

No abstract provided.

Leaving Parental Home: Census-Based Estimates For China, Japan, South Korea,United States, France, And Sweden, Zeng Yi, Ansley Coale, Minja Kim Choe, Liang Zhiwu

Discussion Papers

No abstract provided.

On The Periodic Structure Of The Business Cycle, Eric Ghysels

Cowles Foundation Discussion Papers

In this paper, we test whether a regime shift from expansion to recession and vice versa is, ceteris paribus , equally likely throughout the year. If not, then it may, for instance, be less likely to get out of a recession in the middle of the winter than it is, say, in the spring or summer. We make use of Markov switching regime models to test the hypothesis of interest. The evidence is based on the conventional NBER business cycle chronology as well as alternatives to it. We find that recessions exhibit a periodic pattern in their switching regime transition …

Bayesian Model Selection And Prediction With Empirical Applications, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper builds on some recent work by the author and Werner Ploberger (1991, 1994) on the development of “Bayes models” for time series and on the authors’ model selection criterion “PIC.” The PIC criterion is used in this paper to determine the lag order, the trend degree, and the presence or absence of a unit root in an autoregression with deterministic trend. A new forecast encompassing test for Bayes models is developed which allows one Bayes model to be compared with another on the basis of their respective forecasting performance. The paper reports an extended empirical application of the …

Yale Nurse, Yale School Of Nursing

Yale School of Nursing Alumni Newsletters and Magazines

No abstract provided.