This outstanding collection of William Brock's essays illustrates the power of dynamic modelling to shed light on the forces for stability and instability in economic systems. The articles selected reflect his best work and are indicative both of the type of policy problem that he finds...

A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by...

Various count data models are applied to data collected from a sample of Norfolk young persons, who were asked how many times they had had sexual intercourse during the previous two-week period. The models take account of the fact that the data are "grouped", meaning that for some observations,...

We extend the sensitivity analysis of cross-country growth regressions of Levine and Renelt (1992) by introducing a semi-parametric formulation of their regression function. Our results differ from theirs in how certain policy variables affect growth rates. We find that distortion variables,...

In the recent literature there has been an increasing interest in regression models for functional variables. Among these there is the situation where the predictor is a random function and the response a scalar.

Much empirical research in the social sciences is concerned with estimating conditional mean functions. The most frequently used estimation methods assume that the conditional mean function is known up to a set of constant parameters that can be estimated from data. Such methods are called...