Econometric

In this hook I consider regression models for munt eiependent variables, i.c., dependent variables that take thc valucs y = 0, 1, 2, … without explicit upper limit. Regression ana.lysi;;, narrowly defined, attempts to explain variations in the conditional expectation of y with the help of variation in explanatory variable;; ::r. Regres;;ion analysis, more broadly defined and as u;;ed in this book, refers to the estimation of conditional distribution functions of y given x.

The introduction of a single European currency constitutes a remarkable instance of internationalization of monetary policy. Whether a concomitant internationalization can be detected also in the econometric foundations of monetary policy is the topic dealt with in this book. The basic theoretical ingredients comprise a data-driven approach to econometric modelling and a generalized approach to cross-sectional aggregation.

This book is a collection of 20 chapters on chosen topics from cross-section and panel data econometrics. It explores both theoretical and practical aspects of selected cutting-edge techniques which are gaining popularity among applied econometricians, while following the motto of “keeping things simple”. Each chapter gives a basic introduction to one such method, directs readers to supplementary references, and shows an application. The book takes into account that—A: The field of econometrics is evolving very fast and leading textbooks are trying to cover some of the recent developments in revised editions. This book offers basic introduction to state-of-the-art techniques and recent advances in econometric models with detailed applications from various developing and developed countries. B: An applied researcher or practitioner may prefer reference books with a simple introduction to an advanced econometric method or model with no theorems but with a longer discussion on empirical application. Thus, an applied econometrics textbook covering these cutting-edge methods is highly warranted; a void this book attempts to fills.

The introduction of economic thinking into economic history, overdue in 1957, is largely accomplished by now. What follows is an account for the benefit of non-economists of what has been done so far. The bibliography, long for a book in this series though short by comparison with a complete one, will suggest the scale of the accomplishment. The text amounts to a running commentary on the bibliography: a specialised bibliography of what has been done by historical economists on a particular theme might begin with the citations in the text.