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Hardcover Challenging Time Series: Limits to Knowledge, Inertia and Caprice Book
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ISBN: 1840641436

ISBN13: 9781840641431

Challenging Time Series: Limits to Knowledge, Inertia and Caprice

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This unorthodox book derives and tests a simple theory of economic time series using several well-known empirical economic puzzles, from stock market bubbles to the failure of conventional economic theory, to explain low levels of inflation and unemployment in the US.Professor Stanley develops a new econometric methodology which demonstrates the explanatory power of the behavioral inertia hypothesis and solves the pretest/specification dilemma. He...

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Format: Hardcover

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Business Business & Investing Math Mathematics Science & Math

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