State-Space Models with Regime Switching: Classical and Gibbs-Sampling Approaches with Applications

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Amazing treatement for the practitioner and the student

State-Space Models with Regime-Switching:Classical and Gibbs

A waste of time.

excellent book on regime switching

State-Space Models with Regime Switching: Classical and Gibbs-Sampling Approaches with Applications
Chang-Jin Kim , and Charles R. Nelson
Manufacturer: The MIT Press
ProductGroup: Book
Binding: Hardcover

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ASIN: 0262112388

Book Description

Both state-space models and Markov switching models have been highly productive paths for empirical research in macroeconomics and finance. This book presents recent advances in econometric methods that make feasible the estimation of models that have both features. One approach, in the classical framework, approximates the likelihood function; the other, in the Bayesian framework, uses Gibbs-sampling to simulate posterior distributions from data.

The authors present numerous applications of these approaches in detail: decomposition of time series into trend and cycle, a new index of coincident economic indicators, approaches to modeling monetary policy uncertainty, Friedman's "plucking" model of recessions, the detection of turning points in the business cycle and the question of whether booms and recessions are duration-dependent, state-space models with heteroskedastic disturbances, fads and crashes in financial markets, long-run real exchange rates, and mean reversion in asset returns.

Customer Reviews:

Amazing treatement for the practitioner and the student.......2007-02-06

This book gives a step-by-step treatement of models with regime changes and time varying coefficients. If you are a student or a practitioner you will find this book very useful to start your applications. The first six chapters are very well developed, and the GAUSS codes provided by the authors let you realize how to do the job. These chapters will let you estimate a model using the classical approach. However, the next chapters that cover exactly the same topics using a bayesian approach are not that well developed. The examples and explanations are not clear, and the few examples do not help you generalize the techniques to your own models. The first six chapters, however, make this book worth 5 stars!

State-Space Models with Regime-Switching:Classical and Gibbs.......2003-12-31

This is basically the only book around on this subject, and they do have useful informations as well. I think explanation is concise enough to clearly understand. I found this book to be useful because of those. The only thing is some typos (which I think is inevitable for this kind of book) and program software on the web which is not very clearly written.

A waste of time........2002-01-29

This book is poorly written. It has numerous typos. The authors never even bothered to explain some of the math notations they used. Apparently, I believe some the examples were copied from other books without a clear explanation of the notations. You'll end up scratching your head on the notations and typos. I wasted a lot of time reading this book. They never mentioned some of shorting comings of using Gibbs Sampling, and ignore some of alternative methods that are far superior in many other respects.

excellent book on regime switching.......2001-03-28

This is really great book for understanding regime switching and state-space models.As far as I know this is the first book that includes both topics together.It is easy to understand and supporting applications at the end of the each chapter make things easier for the reader.Furthermore, it also tells about bayesian econometrics and gibbs-sampling approach.In short,it is a must buy book for a economics graduate student who is interested in nonlinear time series econometrics

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Appreciative Inquiry: An Emerging Direction for Organization Development

Manufacturer: Stipes Pub Llc
ProductGroup: Book
Binding: Paperback

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Appreciative Inquiry Handbook: The First in a Series of AI Workbooks for Leaders of Change

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ASIN: 1588741214

Book Description

From the preface: This book is intended as a source book for our students, as a way of introducing them to and assisting them in their shared--our shared--mission for the creation of better, more fulfilling and more productive work places, places where the potential for OD and OD values are most fully realized.

Consistent with our intent to provide our students the opportunity to share in learning about appreciative inquiry, we have waived all royalties in an effort to provide the book at the lowest possible cost.

Book Description

Many genes have been cloned from chicken cells, and during the next decade numerous laboratories will be concentrating their resources in developing ways of using these tools. Manipulation of the Avian Genome contains the most recent information from leading research laboratories in the areas of developmental and molecular genetics of the chicken. This information was presented at the Keystone Symposium held at Lake Tahoe in March, 1991. The book discusses potential applications of emerging technology in basic science and poultry production. Various techniques for altering genomic DNA, such as microinjection, retroviral vectors, and lipofection are covered. Genome evaluation using DNA fingerprinting and conventional breeding techniques are presented.

Customer Reviews:

Es un libro inquietante.......2006-05-10

Dentro de este libro se plantea la coneccion entra la teoria sicologica de Jung y la teoria de Caos. Como aquellos conceptos de simbolos, arquetipos, complejos de la teoria de Jung pueden ser traduccidos de manera sencilla a los conceptos de la teoria del caos como variedades, bifurcaciones, oscilaciones, fractales, etc.

En este libro se plantea la tesis que el caos es algo natural en nuestra siquis que una siquis sana es caotica !!!. Pero el caos de la siquis sana esta basado en un caos deterministico, el cual a su vez va generar un orden superior al que habia antes que existiese el caos, son los trances o las pruebas que tiene que para el individuo en su proceso de evolucion (el proceso individualizacion).

Este libro tambien hace un analisis literario en terminos de la teoria de caos de un cuento "La mujer de piedra" y un mito "Eros y Phique"

A fine example of a psychology-physics bridge.......2004-07-24

Bridging inquiry and speculation into the inner details of the psyche is seductive work. As with any seduction, it can lead to wonderful acts of creation and enjoyment, but also to messy thinking - fallacies of misplaced concreteness (Whitehead), in which the poetic pleasure of expressing parallels between psyche and cosmos can obscure both careful thinking and genuine insight into difficult realities. I find this to be a special danger in the world of Jungian concepts, primarily because the old wizard himself set the stage for exploring links between the science of mind and the mysteries that are not yet in the reach of a given science.

The math and physics of quantum and complexity theories, and of dynamic systems, are both extraordinarily demanding and extraordinarily revealing in their relevance to anything in the world that partakes of interaction, and owes and contributes its nature to other complex interactions. That is to say, anything in the world, seen out of isolation, without any excess of empirical or conceptual filtration. I've read Eenwyk's book twice now, and found it illuminating in both its intelligent and accessible handling of the physics and math involved, and of the fragile but necessary connections of the infinite dynamic of the mind and the world. Highly recommended.

Book Description

This book takes the standard methods as the starting point, and then describes a wide range of relatively new approaches and procedures designed to deal with more complicated data and experiments - including much recent research in the area. Throughout mention is given to the computing requirements - facilities available in large computing packages like BMDP, SAS and SPSS are also described.

Model-robust quantal regression: An alternative analysis for dose-response data (Technical report)

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Model-robust quantal regression: An alternative analysis for dose-response data (Technical report)
Quinton J Nottingham
Manufacturer: Dept. of Statistics, Virginia Polytechnic Institute and State University
ProductGroup: Book
Binding: Unknown Binding

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New York City in 1977 was in the middle of wild upheaval on all fronts, from the hunt for the Son of Sam killer and the citywide blackout to a brutal mayor's race and the rise of punk rock and the zenith of disco. In Ladies and Gentlemen, the Bronx Is Burning, journalist Jonathan Mahler revisits all those storylines through another drama, which grabbed tabloid headlines all summer long: the outrageous--and pennant-winning--New York Yankees. The Yankees weren't the greatest baseball team ever assembled--they weren't even the greatest of the era (the talent-laden Cincinnati Reds were superior player for player). But no modern team has earned more type than the "Bronx Zoo" Yanks of the late '70s, thanks in no small part to such characters as meddling owner George Steinbrenner, firebrand manager Billy Martin, and flashy slugger Reggie Jackson.

But what more is there to say about a ball club, even one as stormy and successful as the '77 Yanks? Mahler wisely strays out of the dugout and into the chaotic city to give his chronicle breadth and shape. Mahler deftly brings together a host of characters and developments--from doomed old-school catcher Thurman Munson to congressional hellraiser Bella Abzug, from media kingpin Rupert Murdoch to battling politicos Ed Koch and Mario Cuomo, from downtown punks to the glittery decadence of Studio 54. The result is a lively read that will entertain readers who wouldn't know an RBI from CBGB. --Steven Stolder

Book Description

A kaleidoscopic portrait of New York City in 1977, Ladies and Gentlemen, The Bronx Is Burning is the story of two epic battles: the fight between Yankee slugger Reggie Jackson and team manager Billy Martin, and the battle between Mario Cuomo and Ed Koch for the citys mayorship. Buried beneath these parallel conflictsone for the soul of baseball, the other for the soul of a citywas the subtext of race. The brash and confident Jackson took every black myth and threw it back in white Americas face. Koch and Cuomo ran bitterly negative campaigns that played upon urbanites growing fears. Surrounding this braided narrative was a prowling murderer dubbed the Son of Sam, the acquisition of the New York Post by the unknown Rupert Murdoch, the opening of Studio 54, the infamous blackout, the evolution of punk rock, and the dawning of modern SoHo.

Customer Reviews:

A Kaleidoscopic Glimpse at NYC in the Summer of '77.......2007-10-01

I had heard a lot of good buzz about this book since it was published a few years ago. When I found out ESPN was making a mini-series out of it, I decided to take the plunge and buy it. I actually didn't end up watching the mini-series, but I loved the book.
One of the things that initially kept me away was the much-hyped baseball angle. Like any red-blooded American baseball fan that doesn't hale from the Tri-State area, I am life-long Yankee hater, and those George Steinbrenner/Billy Martin teams of the late `70s gave me plenty to hate. The last thing on earth I wanted to read was some hagiographic account of the Bronx Bombers winning the 1977 World Series.
I needn't have worried. The Evil Empire's tumultuous season is just one of several neatly interwoven story lines: New York's fiscal crisis, the city's nasty '77 mayoral election, Rupert Murdoch's purchase of the moribund New York Post. Several other subplots add spice: the blackout riots, Son of Sam, the burgeoning disco scene. New York was a busy place that summer.
There's nothing too profound here, just a snapshot of our greatest city at one of the lowest points in its history. Well paced and enjoyable, the book got me through several long airplane trips.

so-so.......2007-09-12

It didnt focus on the yankees as much as i thought it would, and when it did, most of it was about Reggie. All the events of that summer were interesting and I remembered a lot of it happening too which was cool.

Great slice of history into 1977............2007-08-23

I was impressed with the amount of factual research Jonathan Mahler put into this wonder readaptation into the year 1977 in NY City. He takes a book and illustrates a wonderful slice of history into multiple aspects. There are several issues that keep the reader interested in the book. I particularly like books that have multiple plots and subplots. Mahler was able to keep each chapter full of intrique with a look into human experience and emotions of the key characters in this one year of magic. The final chapter he puts out: "The Bronx is burning, ladies and gentlemen, as we watch the 1977 World Series".......

Ladies and Gentlemen, The Bronx is Burning.......2007-08-13

This is an excellent account of New York City and its troubles both on the baseball field and in the political arena. I highly recommend this for anyone who is interested in the NYY ball club and the politics of New York City, particularly in the late 1970's.

The dingy decay and inner strength of 1970s New York in a good read.......2007-08-11

It's hard to believe the author of this book was a little kid when he first visited New York in the 1970s. I first moved to NYC as a young adult during this decade, and found this book reverberating with the discouraging urine-stained decay that was ubiquitous then -- graffitied subways, homeless bums, massage parlours, garbage strikes, crime, loan defaults...

And yet... beneath all this, there must have been some kind of resolve and determination... or perhaps simply infrastructure... that allowed Manhattan, at least, to ultimately avoid the suburban flight afflicting the rest of the nation's inner cities. New York is still New York, but those dark abandoned streets of 1970s Manhattan today sport boutiques and spanking-clean SUVs from one end nearly to the other (of course, the outer boroughs have not been so lucky). While this has also resulted in a loss of character and the sad conversion of Manhattan's old ethnic neighborhoods, it is also testimony to the endurance of urban culture, of some kind, in at least one American city.

Enough social commentary and onto the book! At first it seems that much of the plot may concern the dynamics of Reggie Jackson & Billy Martin and the Yankees; also figuring large are the 1977 blackout and the mayoral race. It would have been easy, and appealing, to showboat the charged conflict among Reggie, Martin, and Steinbrenner; but the author never succumbs to this temptation. Instead he seamlessly weaves the story of 1977 New York in the context of the cultural, political, and financial background of the times. Even Studio 54, punk rock, The Mercer Arts Centre, and Soho are given lip service.

What makes it all so good is the natural trajectory that makes for an entertaining read -- it is hard to put down, like a good mystery; it tells a story. This is great non-fiction: historic, accurate, nuanced, and atmospheric -- and as entertaining as any fictional narrative could be.

Not so long ago: the New York of Mayor Beame, Son of Sam, and Billy Martin.(Ladies and Gentlemen, The Bronx Is Burning: 1977, Baseball, Politics, and the ... : An article from: The Weekly Standard

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Not so long ago: the New York of Mayor Beame, Son of Sam, and Billy Martin.(Ladies and Gentlemen, The Bronx Is Burning: 1977, Baseball, Politics, and the ... : An article from: The Weekly Standard
Daniel Sullivan
Manufacturer: News America Incorporated
ProductGroup: Book
Binding: Digital

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Book Description

This digital document is an article from The Weekly Standard, published by News America Incorporated on May 30, 2005. The length of the article is 1034 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Not so long ago: the New York of Mayor Beame, Son of Sam, and Billy Martin.(Ladies and Gentlemen, The Bronx Is Burning: 1977, Baseball, Politics, and the Battle for the Soul of a City)(Book Review)
Author: Daniel Sullivan
Publication: The Weekly Standard (Magazine/Journal)
Date: May 30, 2005
Publisher: News America Incorporated
Volume: 10 Issue: 35 Page: 36(2)

Article Type: Book Review

Distributed by Thomson Gale

Book Description

Forget global warming. The next ice age could begin any day. Beginning with the dinosaur extinction of 65 million years ago, Not by Fire but by Ice explores the relationship between mass extinctions, ice ages, and geomagnetic reversals (times when compasses would have pointed south instead of north).

Customer Reviews:

excellant book - negative reviews without fact or logic.......2007-04-18

I found the book to be very intriquing and thoughtful, much more so than the current Nazi style propaganda on climate change that the negative reviews here reflect. None of the negative reviews actually cite the science and illogic they claim is so obvious. The carbon dioxide cycle LAGS, does not lead, ice-ages. We are in a regular, normal warming cycle according to all the records for all three types of ice-ages. Carbon levels have been much higher before modern man and his puny carbon additions.

Interesting theory.......2007-01-22

This was the popular thinking about ten to fifteen years ago. Now it is "global warming". It was not an asteroid, earthquakes or the biblical flood that wiped out the dinosaurs but ice, brought on by huge snowfalls of a hundred inches. This is all speculation of course. Felix supplies us with graphs and data showing us how every 22,000 or sometimes 11,000 years the planet goes through what is called a "magnetic reversal". The North and South poles trade positions causing great calamity. Moisture is drawn up into the atmosphere eventually falling in cataclysmic amounts. We are now according to Felix entering that phase as we speak.

It is an interesting read to say the least. Most all of us will agree that an ice age occurred in our past, when is speculation. I was caught up in this about ten years ago. The truth has since sent me free. We will always have our "doomsdayers": whether flooding a third of the land by melting ice caps or a sheet of ice sliding over most of the world. Why are we so afraid to trust the bible. Not by fire or ice, or even us, but by God's wrath. A young or old earth will decide the fate of this book.

Wish you well
Scott

Political Hype on Global Warming Revealed.......2007-01-18

A must read for anyone trying to counter the prevailing jibberish on "global warming". Felix provides many facts to support his conclusion that ice will do us in not warming. What's more, it can come at any time since we are well overdue according to the long and short term historic record. See what is behind the coming cooling...it may surprise you.

Outstanding Prose!!!!!!!!!!!!!!.......2006-07-17

According to radio personality Michael Reagan people have been talking about an impending ice age for at least thirty years. If an impending ice age is really such a hot topic, how come its dwarfed by literature on global warming? Thirty years is a long time for any prophesy to incuabate and not get entrenched.
Even if Felix is wrong, he is one of the most articulate science writers to ever grace the craft. He deserves great credit for this literary treasure.

Look at both sides and decide for yourself!!!.......2006-07-07

This book is a must read for those interested in our changing climate. On one side we have the Global Warming "Chicken Littles" like Al Gore who propose all climate change is human induced. On the other side we have conservative lobbyists and free-enterprise think tanks trying to discredit the Global Warming folks. Neither is entirely believable. Robert Felix presents a scarier hypothesis and an interesting counterpoint to both. An ice age would be the most catastrophic to life as we know it. Felix never denies our climate is changing.

The bottom line is that there are so many factors that could influence climate besides mankind induced CO2. Things like the Milankovitch Cycle, Volcanism, etc. Felix presents these ideas.

Like most, I believe our climate is changing. It's better to forget the political aims of liberals and conservatives, and just read as much science as you can. We might not end up where we think we're going. Time will tell who was right. An enjoyable read... 4 stars.

Not by Fire but by Ice : Discover What Killed th Dinosaurs...& Why It Could Soon Kill Us

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Not by Fire but by Ice : Discover What Killed th Dinosaurs...& Why It Could Soon Kill Us
Robert W. Felix
Manufacturer: Sugarhouse Publishing
ProductGroup: Book
Binding: Paperback
ASIN: B000K3NXSS

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Book Description

An End to Suffering is a deeply original and provocative book about the Buddha's life and his influence throughout history, told in the form of the author's search to understand the Buddha's relevance in a world where class oppression and religious violence are rife, and where poverty and terrorism cast a long, constant shadow.

Mishra describes his restless journeys into India, Pakistan, and Afghanistan, among Islamists and the emerging Hindu middle class, looking for this most enigmatic of religious figures, exploring the myths and places of the Buddha's life, and discussing Western explorers' "discovery" of Buddhism in the nineteenth century. He also considers the impact of Buddhist ideas on such modern politicians as Gandhi and Nelson Mandela.

As he reflects on his travels and on his own past, Mishra shows how the Buddha wrestled with problems of personal identity, alienation, and suffering in his own, no less bewildering, times. In the process Mishra discovers the living meaning of the Buddha's teaching, in the world and for himself. The result is the most three-dimensional, convincing book on the Buddha that we have.

Customer Reviews:

Editor Needed.......2007-07-23

Which is a roundabout way of saying that An End to Suffering is a roundabout way of talking about Buddha. Basically, a soft story of Buddhism as a theory of everything, some chapters are perfect (The invention of Buddhism), while some are just there for the looks (Buddhism in the USA). You'll learn about Buddha, India in the 5th century bce, and contemporary India. A straightforward history and explanation would have been shorter, more exciting, and much more effective in getting across Mishra's point, which is the importance of Buddha's message to the age we live in. Instead the book devolves in to a rambling, somewhat confusing personal-quest narrative, in which Mishra neither adopts Buddhism or even finds a contemporary Bhuddhist hero (the hero is M. Ghandi, who was NOT a Buddhist). Repetitious (enough Nietzche already), and stuck in the 19th century (what about the Structuralist and Post-Structuralist critique of religion and self?), An End to Suffering never hits the nail on the head--though it does manage to mash it in, somehow. The point is that the self doesn't ever seem to go away (no matter how or who constructs it) and that as long as there is a self there will be suffering. As long as there is suffering, Buddha will remain a vital philosophical touchstone. Now, was that so hard?

Interesting, intriguing, insightful.......2007-06-21

This book is a very interesting read for those very interested in the details of the history and life and times of Gautam Buddha. It is part travelogue by Pankaj Mishra, his life, interest in literature, simplicity of life, family background and part historical story telling.

It is an interesting piece of literature who admires Buddha for which he has done extensive research (about seven years) and has gone to the places where Buddha attained enlightenment and other relevant places.

It is definitely a must read.

A bit of a tedious read.......2007-05-25

Some parts of this piece are very reflective and enjoyable. Other portions I found a tad heavy going and overtly intense. I wouldn't recommend this book unless you find the subject-matter appealing, or have a special interest in this genre.

Buddha, worldview, and philosophy.......2006-09-07

Easily the best book I have read on the topic - I just didn't guess correctly what the topic was! I thought it would be about involved Buddhism. It turned out to be part autobiography, part biography of the Buddha, part Buddhist history and teaching, part travelogue, part history of philosophy (although jumping from Greek to modern/contemporary), all in the service of a look at the world. The more you know of Western philosophy and Buddhism, the easier it is to follow, but the travel narrative and self-reflection of the author carry it along well. I learned a bit and enjoyed it a lot.

A travelogue worth following........2006-08-22

I picked up a short stack of books about the history of Buddhism before flying to Delhi on a two-week vacation. I read this book on a train ride from Delhi to Varanasi and was very, very thankful I had.

If you're visiting India, Mishra's introduction to Buddhist thought, history, and geography is invaluable. It casts Northern India in a new light and provides meaning to travels through the cradle of Buddhist thought, from the Ganges valley to the Himalayan foothills. It's also a very accessible introduction to Indian religious culture that touches on the history of the Hindu faith and the Brahmins. I was happy to pass this along to another traveller as I left.

Two young Indians seek enlightenment.(An End to Suffering: The Buddha in the World)(Book Review): An article from: Cross Currents

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Two young Indians seek enlightenment.(An End to Suffering: The Buddha in the World)(Book Review): An article from: Cross Currents
Peter Heinegg
Manufacturer: Thomson Gale
ProductGroup: Book
Binding: Digital
ASIN: B000EQIK20
Release Date: 2006-02-28

Book Description

This digital document is an article from Cross Currents, published by Thomson Gale on January 1, 2006. The length of the article is 997 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Two young Indians seek enlightenment.(An End to Suffering: The Buddha in the World)(Book Review)
Author: Peter Heinegg
Publication: Cross Currents (Newsletter)
Date: January 1, 2006
Publisher: Thomson Gale
Volume: 55 Issue: 4 Page: 572(2)

Article Type: Book Review

Distributed by Thomson Gale

An End to Suffering: the Buddha in the World

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An End to Suffering: the Buddha in the World
Pankaj Mishra
Manufacturer: Farrar Straus Giroux
ProductGroup: Book
Binding: Hardcover
ASIN: B000NR7RX8

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AN END TO SUFFERING : THE BUDDHA IN THE WORLD
PANKAJ MISHRA
Manufacturer: Picador
ProductGroup: Book
Binding: Paperback
ASIN: B000OT9LWU

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