Download or read book Estimation of Forward looking Relationships in Closed Form written by Michelle L. Barnes and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We illustrate the importance of placing model-consistent restrictions on expectations in the estimation of forward-looking Euler equations. In two-stage limited-information settings where first-stage estimates are used to proxy for expectations, parameter estimates can differ substantially, depending on whether these restrictions are imposed or not. This is shown in an application to the New Keynesian Phillips Curve (NKPC), first in a Monte Carlo exercise, and then on actual data. The closed-form (CF) estimates require by construction that expectations of inflation be model-consistent at all points in time, while the difference-equation (DE) estimates impose no model discipline on expectations. Between those two polar extremes there is a wide range of alternative DE specifications based on the same dynamic relationship that explicitly imposes model restrictions on expectations for a finite number of periods. In our application, these last estimates quickly converge to the CF estimates and illustrate that the DE estimates in Cogley and Sbordone (2008) are not robust to imposing modest model requirements on expectations. In particular, our estimates show that the NKPC is not purely forward-looking, and thus that time-varying trend inflation is insufficient to explain inflation persistence. -- closed form ; model-consistent expectations ; New Keynesian Phillips curve ; forward-looking Euler equation ; time-varying trend inflation

Download or read book The Case for a Long Run Inflation Target of Four Percent written by Laurence M. Ball and published by International Monetary Fund. This book was released on 2014-06-09 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many central banks target an inflation rate near two percent. This essay argues that policymakers would do better to target four percent inflation. A four percent target would ease the constraints on monetary policy arising from the zero bound on interest rates, with the result that economic downturns would be less severe. This benefit would come at minimal cost, because four percent inflation does not harm an economy significantly.

Download or read book Handbook of Personality Assessment written by Irving B. Weiner and published by John Wiley & Sons. This book was released on 2017-04-03 with total page 773 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Personality Assessment provides comprehensive guidance on the administration, scoring, and interpretation of the most widely-used instruments. Written by two of the field's foremost authorities, this well-balanced guide blends theory and application to provide a foundational reference for both graduate students and professionals. Updated to reflect the most current advances, this second edition includes new chapters on the Minnesota Personality Inventory-Restructured Form and the Rorschach Performance Assessment System, along with in-depth coverage of the MMPI-2, MMPI-2-A, MCMI-IV, PAI, NEO-PI-R, Rorschach Comprehensive System, TAT, and Figure Drawing and Sentence Completion Methods. Each instrument is discussed in terms of its history, administration, scoring, validity, assessment, interpretation, applications, and psychometric foundations, and other chapters address ethical considerations and provide general guidelines in the assessment process. Personality assessments guide recommendations in a broad range of clinical, health care, forensic, educational, and organizational settings. This book delves deeply into the nature and appropriate use of the major assessment instruments, with authoritative insight and practical guidance. Review the latest concepts, research, and practices Administer, score, and interpret the most widely-used instruments Understand the psychometric foundations of personality assessment Access downloadable sample reports that illustrate software interpretation An individual's nature and disposition can be assessed in several ways. This book focuses on standardized psychological tests that assess personality characteristics and indicate how a person is likely to think, feel, and act. The results can only be as accurate as the process, from assessment selection and administration, to scoring, interpretation, and beyond. The Handbook of Personality Assessment is an invaluable resource for every stage of the process, with a practical focus and advice from two leading experts.

Download or read book Journal of Economic Literature written by and published by . This book was released on 2014 with total page 704 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Technical Information Indexes written by United States. Naval Air Systems Command and published by . This book was released on 1976 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Nonparametric Function Estimation Modeling and Simulation written by James R. Thompson and published by SIAM. This book was released on 1990-01-01 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Topics emphasized in this book include nonparametric density estimation, multi-dimensional data analysis, cancer progression, chaos theory, and parallel based algorithms.

Download or read book international journal of forcating written by and published by . This book was released on 2001 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Theory and Practice of Investment Management written by Frank J. Fabozzi and published by John Wiley & Sons. This book was released on 2011-04-05 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt: An updated guide to the theory and practice of investment management Many books focus on the theory of investment management and leave the details of the implementation of the theory up to you. This book illustrates how theory is applied in practice while stressing the importance of the portfolio construction process. The Second Edition of The Theory and Practice of Investment Management is the ultimate guide to understanding the various aspects of investment management and investment vehicles. Tying together theoretical advances in investment management with actual practical applications, this book gives you a unique opportunity to use proven investment management techniques to protect and grow a portfolio under many different circumstances. Contains new material on the latest tools and strategies for both equity and fixed income portfolio management Includes key take-aways as well as study questions at the conclusion of each chapter A timely updated guide to an important topic in today's investment world This comprehensive investment management resource combines real-world financial knowledge with investment management theory to provide you with the practical guidance needed to succeed within the investment management arena.

Download or read book Modelling Inflation Dynamics written by Jeremy Bay Rudd and published by . This book was released on 2005 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Quantitative Energy Finance written by Fred Espen Benth and published by Springer Science & Business Media. This book was released on 2013-08-28 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finance and energy markets have been an active scientific field for some time, even though the development and applications of sophisticated quantitative methods in these areas are relatively new—and referred to in a broader context as energy finance. Energy finance is often viewed as a branch of mathematical finance, yet this area continues to provide a rich source of issues that are fuelling new and exciting research developments. Based on a special thematic year at the Wolfgang Pauli Institute (WPI) in Vienna, Austria, this edited collection features cutting-edge research from leading scientists in the fields of energy and commodity finance. Topics discussed include modeling and analysis of energy and commodity markets, derivatives hedging and pricing, and optimal investment strategies and modeling of emerging markets, such as power and emissions. The book also confronts the challenges one faces in energy markets from a quantitative point of view, as well as the recent advances in solving these problems using advanced mathematical, statistical and numerical methods. By addressing the emerging area of quantitative energy finance, this volume will serve as a valuable resource for graduate-level students and researchers studying financial mathematics, risk management, or energy finance.

Download or read book Understanding by Design written by Grant P. Wiggins and published by ASCD. This book was released on 2005 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is understanding and how does it differ from knowledge? How can we determine the big ideas worth understanding? Why is understanding an important teaching goal, and how do we know when students have attained it? How can we create a rigorous and engaging curriculum that focuses on understanding and leads to improved student performance in today's high-stakes, standards-based environment? Authors Grant Wiggins and Jay McTighe answer these and many other questions in this second edition of Understanding by Design. Drawing on feedback from thousands of educators around the world who have used the UbD framework since its introduction in 1998, the authors have greatly revised and expanded their original work to guide educators across the K-16 spectrum in the design of curriculum, assessment, and instruction. With an improved UbD Template at its core, the book explains the rationale of backward design and explores in greater depth the meaning of such key ideas as essential questions and transfer tasks. Readers will learn why the familiar coverage- and activity-based approaches to curriculum design fall short, and how a focus on the six facets of understanding can enrich student learning. With an expanded array of practical strategies, tools, and examples from all subject areas, the book demonstrates how the research-based principles of Understanding by Design apply to district frameworks as well as to individual units of curriculum. Combining provocative ideas, thoughtful analysis, and tested approaches, this new edition of Understanding by Design offers teacher-designers a clear path to the creation of curriculum that ensures better learning and a more stimulating experience for students and teachers alike.

Download or read book Empirical Implications of Theoretical Models in Political Science written by Jim Granato and published by Cambridge University Press. This book was released on 2021-05-13 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tension has long existed in the social sciences between quantitative and qualitative approaches on one hand, and theory-minded and empirical techniques on the other. The latter divide has grown sharper in the wake of new behavioural and experimental perspectives which draw on both sides of these modelling schemes. This book works to address this disconnect by establishing a framework for methodological unification: empirical implications of theoretical models (EITM). This framework connects behavioural and applied statistical concepts, develops analogues of these concepts, and links and evaluates these analogues. The authors offer detailed explanations of how these concepts may be framed, to assist researchers interested in incorporating EITM into their own research. They go on to demonstrate how EITM may be put into practice for a range of disciplines within the social sciences, including voting, party identification, social interaction, learning, conflict and cooperation to macro-policy formulation.

Download or read book The Equity Risk Premium written by William N. Goetzmann and published by Oxford University Press. This book was released on 2006-11-16 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the return to investing in the stock market? Can we predict future stock market returns? How have equities performed over the last two centuries? The authors in this volume are among the leading researchers in the study of these questions. This book draws upon their research on the stock market over the past two dozen years. It contains their major research articles on the equity risk premium and new contributions on measuring, forecasting, and timing stock market returns, together with new interpretive essays that explore critical issues and new research on the topic of stock market investing. This book is aimed at all readers interested in understanding the empirical basis for the equity risk premium. Through the analysis and interpretation of two scholars whose research contributions have been key factors in the modern debate over stock market perfomance, this volume engages the reader in many of the key issues of importance to investors. How large is the premium? Is history a reliable guide to predict future equity returns? Does the equity and cash flows of the market? Are global equity markets different from those in the United States? Do emerging markets offer higher or lower equity risk premia? The authors use the historical performance of the world's stock markets to address these issues.

Download or read book Advances in Fixed Income Valuation Modeling and Risk Management written by Frank J. Fabozzi, CFA and published by John Wiley & Sons. This book was released on 1997-01-15 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in Fixed Income Valuation Modeling and Risk Management provides in-depth examinations by thirty-one expert research and opinion leaders on topics such as: problems encountered in valuing interest rate derivatives, tax effects in U.S. government bond markets, portfolio risk management, valuation of treasury bond futures contract's embedded options, and risk analysis of international bonds.

Download or read book Health Assessment and Physical Examination written by Mary Ellen Zator Estes and published by Cengage AU. This book was released on 2019-10-24 with total page 934 pages. Available in PDF, EPUB and Kindle. Book excerpt: Health assessment is an ongoing process that evaluates the whole person as a physical, psychosocial and functional being, whether they are young or old, well or ill. This market-leading text presents health assessment, physical examination information and skills for health professionals who undertake these types of assessments. Health Assessment and Physical Examination is scaffolded from foundation to more advanced health assessment, following a body-systems approach and a ‘head-to-toe’ approach. It uses the ENAP (Examine–Normal–Abnormal–Pathophysiology) approach as a tool for students to collect useful information. An applied case study at the end of each chapter walks students through an example of an assessment. This comprehensive yet student-friendly text is noted for its high-quality case studies, pedagogical elements, and excellent student resources. Unique to this text are the advanced topics and ‘Urgent findings’, which highlights serious or life-threatening signs or critical assessment findings that need immediate attention.

Download or read book Scientific and Technical Aerospace Reports written by and published by . This book was released on 1991 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Collaborative Approaches to Evaluation written by J. Bradley Cousins and published by SAGE Publications. This book was released on 2019-06-25 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: Editor J. Bradley Cousins and colleagues meet the needs of evaluators seeking to implement collaborative and participatory approaches to evaluation in Collaborative Approaches to Evaluation: Principles in Use. Using a multi-phase empirical process to develop and validate a set of principles to guide collaborative approaches to evaluation, the book outlines the principles that the team developed, and then provides case studies of how these principles have been applied in practice. The case studies draw on programs globally in education, health, and community development. The book is an invaluable supplementary text for program evaluation courses where students’ projects are focused on more collaborative and participatory approaches, and it is an essential resource for practicing evaluators and those who commission program evaluations.