The Econometric Analysis of Recurrent Events in Macroeconomics and Finance

(Hardback)

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Description

The global financial crisis highlighted the impact on macroeconomic outcomes of recurrent events like business and financial cycles, highs and lows in volatility, and crashes and recessions. At the most basic level, such recurrent events can be summarized using binary indicators showing if the event will occur or not. These indicators are construct

Reviews

"Forcefully hammers out its central message with illustrative examples and provides invaluable guidance to practitioners."---Emre Yoldas, Journal of Economic Literature
"The material is well structured in nine chapters and provides a good reference point to start into the topic."---Sylvia Kaufmann, Journal of Economics and Statistics

Author Bio

Don Harding is professorial research fellow at the Centre of Policy Studies (CoPS) at Victoria University and honorary professor of economics at La Trobe University. Adrian Pagan is professor emeritus of economics at the University of Sydney and professorial fellow at the University of Melbourne. His books include Nonparametric Econometrics.