We study in detail the log-linear return approximation introduced by Campbell and Shiller (1988a). First, we derive an upper bound for the mean approximation error, given stationarity of the log ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Based on an empirical gravity model of sectoral bilateral trade, we uncover three features of bilateral trade balances.

This is a preview. Log in through your library . Abstract In some applications linear approximations to non-linear models are desirable. They bring the benefits of computational simplicity and access ...

Start working toward program admission and requirements right away. Work you complete in the non-credit experience will transfer to the for-credit experience when you ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Investopedia / Julie Bang Dollar duration, known as DV01, helps assess how a ...