Lawrence Klein, the University of Pennsylvania economist who won the 1980 Nobel Prize for his computer-based models that help governments forecast the future and act accordingly, died Sunday at his ...

Learn about Robert F. Engle III, a Nobel laureate credited with developing the ARCH model for analyzing financial market volatility and pioneering financial econometrics.

This course, presented by the Institute for Capacity Development, gives government officials a rigorous foundation estimating of macro-econometric models and their application for nowcasting, ...

The global financial crisis, triggered by the subprime mortgage problem and resulting in the collapse of a major American investment bank in September 2008, has seriously affected the Japanese economy ...

Economists develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “Economic Models,” p. 8). For ...

This paper describes a theoretical approach to determine the downturn loss given default (LGD) for residential mortgages, which is compliant with the regulatory requirement and thus suitable to be ...