This article shows a test for the spurious regression problem in a panel data model with a growing individual number and time series length. In the estimation, tapers are used and the integrated order for the remainder disturbance is extended to a real number; at the same time, the spurious...

The formula for probability density functions (PDFs) has been extended to include PDF for energy dissipation rates in addition to other PDFs such as for velocity fluctuations, velocity derivatives, fluid particle accelerations, energy transfer rates, etc., and it is shown that the formula...

This paper studies the implications of the imperfect credibility of an exchange rate target zone on the term structure of forward premia. The relationship between spot and forward exchange rates of different maturities reflects the possibility of repeated realignments of the exchange rate band....

In many large-scale problems, one is interested to obtain directly an approximate value of a functional of the solution. Here, we consider a special class of grid-free Monte Carlo algorithms for direct computing of linear functionals of the solution of an elliptic boundary-value problem. Such...