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Yet, when I found a new example or an application where the ideas of this book could be used, I regained the excitement of the first days. I have learned a lot through the process of writing this book and teaching its material, probably as much as students have learned from the lectures and practical sessions. Patience is appliee built on the same principle.

In the remaining chapters we present various methodologies to confront models to the data and discuss how they can be used to address other interesting economic questions. This book would not have been possible without their fundamental inputs.

In particular, chapter 1 presents basic time series and probability concepts, a list of useful law of large numbers and central limit theorems, which are employed in the discussions of chapters 4 to 8, and gives a brief overview of the basic elements of spectral analysis, heavily used in chapters 3, 5 and 7. The book is largely self-contained but presumes a basic knowledge of modern macroeco- nomic theory say, one or two quarters of a Ph.

## Methods for applied macroeconomic research – Canova F. (PUP, 2007)

I also have an intellectual debit with Ed Prescott. Chapter 6 examines full information Maximum Likeli- hood and in chapter 7 Calibration techniques are discussed. I need to thank my restricted and extended family for the patience they endured during the long process that lead to the reseagch of this book. Adrian Pagan shaped my somewhat cynical view of what should and can be done with the data and the models.

### Fabio Canova (Author of Methods for Applied Macroeconomic Research)

Chapter macroecoonmic discusses procedures used to obtain interesting information about secular and cyclical fluctuations in the data. I always like to argue with him because his unconventional views helped to bring out often forgotten methodological and practical aspects.

And on most issues of interest to applied macroeconomists he was more often right than wrong. Roughly, the first 5 chapters and the seventh could be thought in first part, chapter 6 and the last four in the second part.

Chapter 4 describes minimalist vector autoregressive VAR approaches, where a limited amount of economic theory is used to structure the data. Those who feel marcoeconomic with these topics can skip.

Dynamic macroeconomics is in part about intertemporal substitution. Enviado por Gilmar flag Denunciar. Three people taught me to approach empirical problems in a sensible but rigorous way, combining economic theory with advanced statistical tools and numerical methods, and to be suspicious and critical of analyses maceoeconomic leave out one of the main ingredients of the cake.

To all goes my thanks. This is the setup I have used in teaching this material over a number years and it seems the natural macroconomic between what I consider basic and advanced material.

Chapter 2 presents a number of macroeconomic models currently ii used in the profession and discusses numerical methods needed to solve them. As mentors, there macrowconomic no one comparable to them.

The first three chapters of the book are introductory and review material extensively used in later chapters. Preliminaries This chapter is introductory and it is intended for readers who are kacroeconomic with time series concepts, with the properties of stochastic processes, with basic asymptotic theory results and with the a-b-c of spectral analysis.

Most of the examples and exercises of this book are based on versions of these models. Given our empirical perspective, formal results are often stated without proofs and em- phasis is given to their use in particular macroeconomic applications.