{"product_id":"econometrics-finance-and-time-series-analysis-von-masanobu-taniguchi-diane-pierret-martin-schumann-thomas-a-severini-gautam-tripathi-und-yujie-xue","title":"Econometrics, Finance, and Time Series Analysis","description":"\n                                \n                \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\n                            \n            \u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9789819580446\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9789819580446","offer_id":58793212346693,"sku":"9789819580446","price":53.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/73461_8d930795-177b-4827-b9cd-512ca226ba1b.jpg?v=1787027605","url":"https:\/\/shop.autorenwelt.de\/products\/econometrics-finance-and-time-series-analysis-von-masanobu-taniguchi-diane-pierret-martin-schumann-thomas-a-severini-gautam-tripathi-und-yujie-xue","provider":"Autorenwelt Shop","version":"1.0","type":"link"}