In this paper we estimate the flexibility properties and regular regions for the first three orders of the seminonparametric Asymptotically Ideal Model (AIM) under four different types of constant returns to scale production technologies. The AIM model's parameters are estimatedfrom a Monte...

This cumulative working paper contains the unified joint research completed so far on monetary aggregation under risk, including the extension of index number theory needed to incorporate adjustments for risk into the rate structure, experiments on tracking ability of the unadjusted index, and...

<title/> The seemingly relentless flow of negative news from the markets, the boardrooms and the political capitals has created a paradoxical opportunity for the astute angel investor. Traditional venture capitalists have virtually abandoned the early stage investment space. By observing certain...

By design a wavelet's strength rests in its ability to localize a process simultaneously in time-scalespace. The wavelet's ability to localize a time series in time-scale space directly leads to the computationalefficiency of the wavelet representation of a N £ N matrix operator by allowing...

It has been argued by several authors that the inflationary dynamics in Brazil follow a unit root process, thus displaying some inertia. Indeed, Cati, et al. (Journal of Applied Econometrics, 1999) have found that the inflationary dynamics in Brazil are nearly fully inertial. We estimate the...

By design a wavelet's strength rests in its ability to localize a process simultaneously in time-scalespace. The wavelet's ability to localize a time series in time-scale space directly leads to the computationalefficiency of the wavelet representation of a N £ N matrix operator by allowing the...