Tuesday, December 25, 2007


Paris - London - Moskwa - DC
City History
Braune Glasscheiben
Es soll keiner unter 7,50 arbeiten
Die Wahrheit braucht Mutige die sie aussprechen
Kill all trade unionists
Where Friedrich crosses
Unter den Linden

Peterson dies

One of the last big ones from the early days of modern jazz has died at the age of 82 - Oscar Peterson. he played with Charlie Parker and Duke Ellington. He was born in Canada in 1925. Not one of my favourites but still a household name in jazz.

Sunday, December 16, 2007

Free book

You can find the book Structural Analysis of Discrete Data and Econometric Applications by Manski and McFadden here. It contains articles by the two editors, Jim Heckman, and Jerry Hausman

Sunday, December 09, 2007

New nonlinear model

Dueker, Sola, and Spagnolo propose a new nonlinear model, the C-TAR in "Contemporaneous Threshold Autoregressive Models: Estimation, Testing and Forecasting". It seems the regime threshold is continually updated. Is Hamilton's MC regime switching model able to do that?


The Journal of Econometrics has a full free issue for January 2008. Authors include Pesaran, Andrews and Linton.

Tuesday, December 04, 2007


Every econometric subject can be divided into the following parts:

  • Model
  • Data
  • Estimation of the model
  • Diagnostics, Selection
  • Interpretation
Step 1 and 2 are interchangable. I personally find the specification of a model and estimation most interesting. These two processes are what can be called modelling whereas the others are either too much or too little theoretic .