This paper proposes a novel method to select an experimental design for interpolation in random simulation. (Though the paper focuses on Kriging, this method may also apply to other types of metamodels such as linear regression models). Assuming that simulation requires much computer time, it is...

This paper re-examines two data issues concerning euro area money demand: aggregation of national data and measurement of the own rate.The main purpose is to study if euro area money demand is subject to parameter non-constancies using formal tests rather than informal diagnostics. As a...