{"product_id":"econometrics-finance-and-time-series-analysis-masanobu-taniguchi-ebook","title":"Econometrics, Finance, and Time Series Analysis","description":"\u003cp\u003eThis book provides a new contemporary time series approach for econometrics and finance. In a concrete manner a very general divergence between spectra is introduced, resulting in the development of a statistical inference that is efficient and robust, and leads to a new perspective. A measure of systemic risk is also developed in the energy market,which quantifies the cost of energy asset distress vis-à-vis the broader economy during crises, and examines the dynamic interaction between solvency and funding liquidity risk in banks using a panel vector autoregressive (VAR) model. This step shows that a forward-looking measure of capital shortfall under stress  is both a predictor and an outcome of funding liquidity risk. Additionally, a new integrated likelihood-based approach for estimating nonlinear panel data models is described. Unlike existing integrated likelihoods, the new integrated likelihood is closer to a genuine likelihood. The book explains why this is due to first-order information unbiasedness, and why it seems to matter more for inference than for estimation. Results of studies in econometrics are provided for support.\u003c\/p\u003e","brand":"Masanobu Taniguchi","offers":[{"title":"Default Title","offer_id":54386785321287,"sku":"9789819580453","price":53.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0920\/5455\/2903\/files\/econometrics-finance-and-time-series-analysis-ebook-cover.webp?v=1784497075","url":"https:\/\/www.cinebuch.de\/products\/econometrics-finance-and-time-series-analysis-masanobu-taniguchi-ebook","provider":"CineBuch","version":"1.0","type":"link"}