This book contains the most important approaches to analyze time series which may be stationary or nonstationary. It starts with modeling and forecasting univariate time series and then presents Granger causality tests and vector autoregressive models for multiple stationary time series. It also...

Introduction and Basics -- Univariate Stationary Processes -- Granger Causality -- Vector Autoregressive Processes -- Nonstationary Processes -- Cointegration -- Nonstationary Panel Data -- Autoregressive Conditional Heteroscedasticity

Die Wirtschafts- und Finanzkrise kam unerwartet – auch für Wirtschaftswissenschaftler. Außer ihrer mangelnden Prognosefähigkeit wird ihnen seither vermehrt unterstellt, die Politik interessengeleitet zu beraten. Dass dies so ist, bestreitet der Autor nicht. Er sieht allerdings auch keine...

Paternalism is an attempt to influence individuals’ decisions for their own benefit, even if there are no third parties involved. This seems to contradict normative individualism, which provides the general orientation to our modern democracies. Soft or libertarian paternalism accepts the...