blackwell international macroeconomics and finance theory and empirical methods 2000 (by(1)外语英文电子书

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1、InternationalMacroeconomicsandFinance:TheoryandEmpiricalMethodsNelsonC.MarkDecember12,2000forthcoming,BlackwellPublishersiToShirley,Laurie,andLesliiiPrefaceThisbookgrewoutofmylecturenotesforagraduatecourseinin-ternationalmacroeconomicsandÞnancethatIteachattheOhioSt

2、ateUniversity.Thebookistargetedtowardssecondyeargraduatestu-dentsinaPh.D.program.Thematerialisaccessibletothosewhohavecompletedcorecoursesinstatistics,econometrics,andmacroeconomictheorytypicallytakenintheÞrstyearofgraduatestudy.Thesedays,thereisahighlevelofinterac

3、tionbetweenempiricalandtheoreticalresearch.Thisbookreßectsthishealthydevelopmentbyintegratingboththeoreticalandempiricalissues.Thetheoryisin-troducedbydevelopingthecanonicalmodelinatopicareaandthenitspredictionsareevaluatedquantitatively.Boththecalibrationmethodand

4、standardeconometricmethodsarecovered.Inmanyoftheempir-icalapplications,Ihaveupdatedthedatasetsfromtheoriginalstudiesandhavere-donethecalculationsusingtheGaussprogramminglan-guage.ThedataandGaussprogramswillbeavailablefordownloadingfrommywebsite:www.econ.ohio-state.

5、edu/Mark.Thereareseveraldifferent‘camps’ininternationalmacroeconomicsandÞnance.Oneofthemajordivisionsisbetweentheuseofadhocandoptimizingmodels.Theacademicresearchfrontierstressesthetheoreticalrigorandinternalconsistencyoffullyarticulatedgeneralequilibriummodelswitho

6、ptimizingagents.However,theadhocmod-elsthatpredateoptimizingmodelsarestillusedinpolicyanalysisandevidentlystillhavesomethingusefultosay.Thebookstrikesamiddlegroundbyprovidingcoverageofbothtypesofmodels.SomeoftheotherdivisionsintheÞeldareßexiblepriceversusstickypric

7、emodels,rationalityversusirrationality,andcalibrationversussta-tisticalinference.Thebookgivesconsiderationtoeachofthese‘minidebates.’Eachapproachhasitsgoodpointsanditsbadpoints.Al-thoughmanypeoplefeelÞrmlyabouttheparticularwaythatresearchintheÞeldshouldbedone,Ibeli

8、evethatbeginningstudentsshouldseeabalancedtreatmentofthedifferentviews.Here’sabriefoutlineofwhatistocome.Chapter1derivessomebasicrelationsandgives