The game is played sequentially with each player moving exactly once according to a pre-specified order, which is known to the players but may be unknown to the econometrician
Rather than treat day n as if always known to the econometrician
, I have followed a different philosophy, which is to ask, How would the data look if they were generated by (15) but the econometrician
does not condition on knowledge of the particular value of n?
32) In our econometric analysis below, we will focus on deriving and testing similar restrictions for a more general rational expectations framework that contains the assumption of agents having more information than the econometrician
As far as I am aware, no econometrician
has tried to put weights on these separate forces within the overall split.
Only when these hypotheses appear, does the econometrician
Thus, conditioning on known event days allows the econometrician
to distinguish between the endogenous response of policy expectations to new economic information and otherwise inexplicable policy shocks.
LinkShare Corporation welcomes Ian Ayres, an econometrician
and law professor at Yale University and best-selling author of "Super Crunchers: Why Thinking-By-Numbers is the New Way to be Smart", as this year's distinguished keynote speaker.
We argue that the Campbell-Shiller (4) technique for evaluating present-value models should not be applied to exchange rate models because all researchers acknowledge that some of the important fundamentals--errors in money demand, foreign-exchange risk premiums, the equilibrium real exchange rate--are not observed by the econometrician
is interested in estimating g(c).
Klein is an econometrician
and constructed several statistical models of the United States and various other countries.
99, and after ten years in the new regime an econometrician
tested the null hypothesis that [rho] = 0.
1) Consumers who, unlike the econometrician
, perceive permanent and transitory changes to their income path will signal the persistence of changes in each by their corresponding consumption decisions (Quah 1990).