Three Essays on Financial Macroeconomics
Author: Drew Donald Saunders
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Published: 2004
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Author: Drew Donald Saunders
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Published: 2004
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DOWNLOAD EBOOKAuthor: David Henry Bowman
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Published: 1993
Total Pages: 230
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DOWNLOAD EBOOKAuthor: Amir Tayebi
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Published: 2022
Total Pages: 0
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DOWNLOAD EBOOKAuthor: Enrique Martinez-Garcia
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Published: 2007
Total Pages: 198
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DOWNLOAD EBOOKAuthor: Farooq Malik
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Published: 2000
Total Pages: 278
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Published: 2007
Total Pages: 0
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DOWNLOAD EBOOKAuthor: Xuetao Song
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Published: 2016
Total Pages: 127
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DOWNLOAD EBOOKAuthor: Jose Vicente Martinez
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Published: 2006
Total Pages: 294
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DOWNLOAD EBOOKAuthor: Yongjun Kim
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Published: 2017
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DOWNLOAD EBOOKAuthor: Adrien Alvero
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Published: 2022
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DOWNLOAD EBOOKIn the third chapter, "Fuzzy Bunching", we introduce a new fuzzy bunching approach that is robust to noise. The existing bunching approach identifies the extent of bunching from a sharp spike in the probability density function. In many finance settings, however, the sharp spike could be diffused by data noise. The key idea behind our fuzzy bunching estimator is to identify bunching from the area of a bulge in the cumulative distribution function. The fuzzy bunching approach also avoids density estimation, which makes it easy to implement in sparse data. We provide the theoretical foundation of this approach and illustrate the advantages by using simulated and real data.