{"product_id":"the-econometric-analysis-of-recurrent-don-harding-9780691167084","title":"The Econometric Analysis of Recurrent Events in Macroeconomics and Finance","description":"\u003cp\u003eThe global financial crisis highlighted the impact on macroeconomic outcomes of recurrent events like business and financial cycles, highs and lows in volatility, and crashes and recessions. At the most basic level, such recurrent events can be summarized using binary indicators showing if the event will occur or not. These indicators are constructed either directly from data or indirectly through models. Because they are constructed, they have different properties than those arising in microeconometrics, and how one is to use them depends a lot on the method of construction. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eThis book presents the econometric methods necessary for the successful modeling of recurrent events, providing valuable insights for policymakers, empirical researchers, and theorists. It explains why it is inherently difficult to forecast the onset of a recession in a way that provides useful guidance for active stabilization policy, with the consequence that policymakers should place more emphasis on making the economy robust to recessions. The book offers a range of econometric tools and techniques that researchers can use to measure recurrent events, summarize their properties, and evaluate how effectively economic and statistical models capture them. These methods also offer insights for developing models that are consistent with observed financial and real cycles. \u003cp\u003e\u003c\/p\u003eThis book is an essential resource for students, academics, and researchers at central banks and institutions such as the International Monetary Fund.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Don Harding, Adrian Pagan\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0691167087\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780691167084\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Princeton University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/26\/2016\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 232\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.95lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.50h x 5.40w x 1.00d","brand":"Don Harding","offers":[{"title":"Hardcover","offer_id":44449930182911,"sku":"9780691167084","price":55.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_caccb066-13fc-43a3-9acc-e25618751d55.jpg?v=1698501808","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-econometric-analysis-of-recurrent-don-harding-9780691167084","provider":"WR Book House","version":"1.0","type":"link"}