I: Frontiers in Forecasting and Econometric Modelling -- 1. Combinations of High and Low Frequency Data in Macroeconometric Models -- 2. Stochastic Simulation, Prediction and Validation of Nonlinear Models -- 3. An Integrated Exhaustible Resource Model of Copper Market Dynamics -- II: Trade,...

One cannot exaggerate the importance of estimating how international trade responds to changes in income and prices. But there is a tension between whether one should use models that fit the data but that contradict certain aspects of the underlying theory or models that fit the theory but...