Piketty's book, Capital in the Twenty-First Century, discusses several factors affecting wealth inequality: rates of return on capital, output growth rates, tax progressivity, top income shares, and h
We propose the Factor Augmented (sparse linear) Regression Model (FARM) that not only admits both the latent factor regression and sparse linear regression as special cases but also bridges dimension
ABSTRACT In recent years, a number of illegal activities operated under the radar of conventional analysis have taken place in Brazil. This study proposes an Extended Keynesian Model in order to under
This paper examines the global macro-dynamics of an OLG model with capital and land with rational expectations. Through the interactions between capital accumulation and land prices, the economy exper
The prediction accuracy of six estimators of econometric models are compared. Two of rthe estimators are ordinary least squares (OLS) and full-information maximum likelihood. (FML). The other four est
