For various reasons, cross-sectional tests of linear factor models have employed the returns on portfolios of assets (as opposed to individual securities). There is a good deal of flexibility in how ...

In this paper, we study the least squares (LS) estimator in a linear panel regression model with unknown number of factors appearing as interactive fixed effects. Assuming that the number of factors ...

In Sturtevant’s gene map, six traits are arranged along a linear chromosome according to the relative distance of each from trait B. Trait B is located at the far left of the gene map at position 0.0.

In this speech, I will lay out a path to modeling macrofinancial dynamics using a recent approach that I have worked on, and illustrate the usefulness of this avenue with a term structure application.

Michael Logan is an experienced writer, producer, and editorial leader. As a journalist, he has extensively covered business and tech news in the U.S. and Asia. He has produced multimedia content that ...

As a parting shot, I pointed out that there are three quadratic terms there with unity coefficients of z 0 – and there are three deep nulls in the filter’s gain response, as was shown in the figures ...