This book, originally published in 1990, deals with the stabilisation and control of an
economic system in a dynamic setting. Unlike studies which consider only the case of …

Although it is only during the last decade that continuous-time models have been
extensively used in applied econometric work, the development of statistical methods …

This paper surveys the growing literature on buffer stock models of the monetary
transmission process. The first part indicates the basic issue of how (assumed) exogenous …

There is no lack of good international economics textbooks ranging from the elementary to
the advanced, so that an additional drop in this ocean calls for an explanation. In the present …

This paper is concerned with derivation of a new efficient algorithm for computing the exact
Gaussian likelihood for structural parameters in nonstationary higher-order continuous-time …

A model is developed incorporating trade and capital restrictions, illegal transactions, a
parallel foreign exchange market, currency substitution features, and forward-looking …

This paper describes the first application to an economy-wide macroeconometric model of
recently developed methods for the exact Gaussian estimation of higher order continuous …

This paper develops a dynamic general equilibrium model that combines elements of the
elasticities and monetary approaches to the balance of payments to analyze the …

The stability of money demand functions: an alternative approach The Bank for International
Settlements The stability of money demand functions: an alternative approach BIS Economic …

Over the last thirty years there has been extensive use of continuous time econometric
methods in macroeconomic modelling. This monograph presents a continuous time …