Disequilibrium Econometrics for the Finnish Bond Market |
Contents
ACKNOWLEDGEMENTS | 7 |
MICROFOUNDATION OF ASSET DEMAND EQUATIONS | 13 |
ISSUES IN EMPIRICAL ANALYSIS OF DISEQUILIBRIUM MODELS | 31 |
Copyright | |
7 other sections not shown
Common terms and phrases
adjustment coefficient analysis asset demand equations asset holdings assumed B₁ bank loan market behavioral equations Chapter Clower constraints covariance credit rationing demand and supply demand for bonds disequilib disequilibrium approach disequilibrium model disturbance terms Econometrics Economic effective demand equilibrium model error terms estimation results excess demand expected value Finnish bond market Ginsburgh-Tishler-Zang given Goldfeld government bonds GTZ specification Helsinki Stock Exchange homoscedastic interest rate investors issues Kanniainen likelihood function logistic distribution Maddala-Nelson minimum condition MN specification model specification normally distributed null hypothesis obtained optimal parameter estimates partial adjustment model portfolio selection portfolio separability price adjustment equation Q₁ Quandt quantity adjustment Rantala rationing scheme recursive residuals redemption payments regime classification regime indicator regressors restrictive risk aversion seasonal Sneessens speed of adjustment stochastic structure stock adjustment model stock of bonds supply equation supply of bonds Table tion trade offers u₁ utility function variable Walrasian yield zero
