This thesis focusses on econometric applications requiring multivariate numerical integration. Models that attempt to capture real world complexities are typically nonlinear and display many unobservable factors. These characteristics imply that the likelihood function of these models contain...

This dissertation contains three applications of time series in finance and macroeconomics. The first essay compares the cumulative returns for stocks and bonds atinvestment horizons from one to ten years by using a test for spatial dominance.Spatial dominance is a variation of stochastic...

Although higher commodity prices are commonly thought to presage higher rates of inflation, the existing literature suggests that the predictive power of commodity prices for inflation has waned since the 1980s. In the first chapter, I show that this result can be overturned using...