Economics
Palgrave Texts in Econometrics
SERIES EDITOR: Kerry Patterson, Department of Economics, University of Reading
'The titles so far are impressive and there is no other series around, in the UK, or elsewhere, that promises to provide such concise yet extensive coverage.' - Professor David Sapsford, University of Lancaster
Palgrave Texts in Econometrics is a series that provides concise and extensive coverage of topics in econometrics by leading authors in the field. It makes complex topics accessible to academics, professional economists and students, with an emphasis on how to apply the techniques and interpret the results. The books are based around themes in econometrics, where the subject is interpreted as including theoretical developments, applied econometrics, and more specialised fields of application. Each theme provides guidance and direction through excellence in exposition and coverage. The first four books in the series deal with the theme of Non-stationary Time Series Econometrics. The second theme covers the expanding area of Financial Econometrics.
Financial Econometrics
Evaluating Econometric Forecasts of Economic and Financial Variables
Michael P. Clements
Financial econometrics is one of the greatest on-going success stories of recent decades as it has become one of the most active areas of research in econometrics. In this book, Michael Clements presents a clear and logical explanation of the key concepts and ideas of forecasts of economic and financial variable. He shows that forecasts of the single most likely outcome of an economic and financial variable are of limited value. Forecasts that provide more information on the expected likely ranges of outcomes are more relevant. This book provides a comprehensive treatment of the evaluation of different types of forecasts and draws out the parallels between the different approaches. It describes the methods of evaluating these more complex forecasts which provide a fuller description of the range of possible future outcomes. Click here for more details.
MICHAEL P. CLEMENTS is an editor of the International Journal of Forecasting, and has co-authored two books on economic forecasting as well as a number of papers in scientific journals. With David F. Hendry he edited A Companion to Economic Forecasting.
January 2005 192 pages 216x138mm
Hardback 9781403941565 £53.00
Paperback 9781403941572 £21.99
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Series InformationTime Series Econometrics
Modelling Non-Stationary Economic Time Series
A Multivariate Approach
Simon P Burke and John Hunter
Cointegration, equilibrium and equilibrium correction are key concepts in modern applications of econometrics to real world problems. This book provides direction and guidance to the now vast literature facing students and graduate economists. Econometric theory is linked to practical issues such as how to identify equilibrium relationships, how to deal with structural breaks associated with regime changes and what to do when variables are of different orders of integration. Click here for more details.
SIMON P. BURKE is a Lecturer in Economics at the University of Reading, UK. His research interests include Time Series Econometrics and Computational Econometrics.
JOHN HUNTER is Lecturer in Economics at Brunel University, UK. His research interests include Multivariate Time Series, Exogeneity, Econometric Identification and Simulation, Classification, Specification and Testing of Discrete Data using Neural Networks, Semi-Parametric and Parametric Methods.
June 2005 264 pages 234x156mm
Hardback 9781403902023 £60.00
Paperback 9781403902030 £21.99
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Modelling Trends and Cycles in Economic Time Series
Terence C. Mills
Modelling trends and cycles in economic time series has a long history, with the use of linear trends and moving averages forming the basic tool kit of economists until the 1970s. Several developments in econometrics then led to an overhaul of the techniques used to extract trends and cycles from time series. Terence Mills introduces these various approaches to allow students and researchers to appreciate the variety of techniques and the considerations that underpin their choice for modelling trends and cycles.
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TERENCE C. MILLS is Professor of Applied Statistics and Econometrics and the Head of the department of Economics at Loughborough University. He is the author of Time Series Techniques for Economists and The Econometric Modelling of Financial Time Series, plus over one hundred articles in journals and books.
June 2003 192 pages 216mm x 138mm
Hardback 9781403902085 £60.00
Paperback 9781403902092 £22.99
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Related Titles
Palgrave Handbook of Econometrics
Volume 1: Econometric Theory
Kerry Patterson and Terence C. Mills
Palgrave Handbook of Econometrics comprises 'landmark' essays by the world's leading scholars and provides authoritative and definitive guidance in key areas of econometrics. With definitive contributions on the subject, the Handbook is an essential source of reference for professional econometricians, economists, researchers and students.
Volume I covers developments in theoretical econometrics, including essays on the methodology and history of econometrics, developments in time-series and cross-section econometrics, modelling with integrated variables, Bayesian econometrics, simulation methods and a selection of special topics.
KERRY PATTERSON is Professor of Econometrics at University of Reading, UK.
TERENCE C. MILLS is Professor of Applied Statistics and Econometrics at
Loughborough University, UK.
November 2005 800 pages 234mm x 156mm
Hardback 9781403941558 £95.00
Paperback 9781403918024 £30.00 Order title
Coming Soon
Palgrave Handbook of Econometrics
Volume 2: Applied Econometrics
Kerry Patterson and Terence C. Mills
This second volume brings together the finest academics working in econometrics today and explores applied econometrics, containing contributions on subjects including growth/development econometrics and applied econometrics and computing.
KERRY PATTERSON is Professor of Econometrics at University of Reading, UK.
TERENCE C. MILLS is Professor of Applied Statistics and Econometrics at
Loughborough University, UK.
November 2008 1128 pages 234mm x 156mm
Hardback 9781403917997 £85.00
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Further Information
For more information or to discuss this series further, please contact Eleanor Russell at e.russell@palgrave.com.
