There is some confusion in political science, and the social sciences in general, about the meaning and interpretation of interaction effects in models with non-interval, non-normal outcome variables. Often these terms are casually thrown into a model specification without observing that their...

This thesis examines the links between economic time-series innovations and statisticalrisk factors in the UK stock market using principal components analysis (PCA) and thegeneral-to-specific (Gets) approach to econometric modelling.A multi-factor risk structure for the UK stock market is...

Resumen:La construcción de modelos que contribuyan a la explicación del comportamiento de la demanda de dinero son aportes importantes para el análisis económico, ya que ellos pueden explicar el comportamiento de la tasa de inflación así como también de la tasa de interés, variables...

Following Blanchflower and Oswald, a “wage curve†describes the wage level as a downward-sloping convex curve of the regional unemployment rate. This article makes two major contributions in the analysis of the wage curve. First, it is recognized that potential endogeneity of the...