Challenging Time Series: Limits to Knowledge, Inertia and Caprice

by T.D. Stanley

This unorthodox book derives and tests a simple theory of economic time series using several well-known empirical economic puzzles, from stock market bubbles to the failure of conventional economic theory, to explain low levels of inflation and unemployment in the US.Professor Stanley develops a new econometric methodology which demonstrates the explanatory power of the behavioral inertia hypothesis and solves the pretest/specification dilemma. He...

• Format: Hardcover
• Language: English
• ISBN: 1840641436
• ISBN13: 9781840641431
• Release Date: March 1999
• Publisher: Edward Elgar Publishing
• Length: 240 Pages