This paper considers an infinite stage two person coordination game in which players are asymmetrically informed about the changes in the stage-game pay-offs. The main re [...]

In this paper we present a modification of the usual labor market model. Three wage concepts are introduced. We assume that the worker has a minimum wage in mind for whic [...]

Two algorithms, and corresponding FORTRAN computer programs, for the computation of posterior moments and densities using the principle of importance sampling are describ [...]

We consider Bayesian statistical inference for univariate time series models where one of the autoregressive roots is close to or equals unity. Classical sampling theory [...]

In this paper the focus is on two forecasting models for a monthly time series. The first model requires that the variable is first order and seasonally differenced. The [...]

The operationai significance of the Lyapunov exponent and the correlation dimension for the measurement of chaos in economic time series of medium size length (200 observ [...]

In the present paper a case is made for the simultaneous treatment of seasonality, outliers and nonlinearity in economic time series. It is empirically shown that outlyin [...]

The new pure significance test for white noise proposed in the present paper is based on the estimated R2 of ah ARMA model fitted to reeiduals. A small empirical size and [...]

In Hylleberg, Engle, Granger and Yoo (1988) a method is proposed to test for seasonal unit roots in the presence of other unit roots and seasonal processes. This method i [...]