Advances in Econometrics Volume 2 Sixth World Congress [Paperback]

The second of a 1994 two-volume set of articles reflecting the state of research in theoretical and applied econometrics.This 1994 two-volume set of articles reflects the state of research in theoretical and applied econometrics. The topics covered include time series methods, semiparametric methods, seasonality, financial economics, model solution techniques, economic development and labour economics.This 1994 two-volume set of articles reflects the state of research in theoretical and applied econometrics. The topics covered include time series methods, semiparametric methods, seasonality, financial economics, model solution techniques, economic development and labour economics.This is the second of a two-volume set of articles reflecting the current state of research in theoretical and applied econometrics. All the contributions were commissioned to be presented at the plenary sessions of the Sixth World Congress of the Econometric Society in Barcelona.Part I. Labour Supply: 1. Evaluating structural microeconometric models of labour supply Richard Blundell; 2. Intertemporal labour supply: an assessment David Card; Part II. Competition for Stochastic Equilibrium: 3. Simulation analysis of dynamic stochastic models: applications to theory and estimation Albert Marcet; 4. Estimation of dynamic structural models: problems and prospects John Rust; 5. Dynamic structural models: problems and prospects Ariel Pakes; Comment on papers by Marcet, Rust and Pakes Kenneth Judd; Part III. Econometrics of Finance: 6. Econometric analysis of representative agent intertemporal asset pricing models Kenneth Singleton; 7. Estimation of continuous-time models in finance Angelo Melino; Part IV. Development Economics: 8. Political instability, political weakness, and inflation: an empirical analysis Sebastian Edwards; 9. Credibility and the dynamics of stabilization policy: a basic framework Guillermo A. Calvo and Carlos A. Vegh. This reviewer is pleased to recommend these essays to alllS‰