Generalized method of momentsGeneralized method of moments (GMM) in econometrics and statistics is a generic method for estimating parameters in statistical models. Usually it is applied in the context of semiparametric models, where the parameter of interest is finite-dimensional, whereas the full shape of the data's distribution function may not be known, and therefore maximum likelihood estimation is not applicable.
Nobel Memorial Prize in Economic SciencesThe Nobel Memorial Prize in Economic Sciences, often referred to as the Nobel Prize in Economics, is an award in the field of economic sciences administered by the Nobel Foundation.
2008 financial crisisWorldwide economic crisisThe TED spread, an indicator of perceived in the financial system, increased significantly during the crisis. It spiked sharply in August 2007, remained volatile for a year, and spiked even higher in September 2008 to reach a record 4.65% on October 10, 2008.A major worldwide financial crisis centered in the United States took place in 2008.
Utah State UniversityPublic university in Logan, Utah, USUtah State University (USU or Utah State) is a publicland-grant university and research university in Logan, Utah, United States. Founded in 1888 under the Morrill Land-Grant Acts as Utah's only federal land-grant institution, USU is one of the state's two flagship universities. It is classified among "R1: Doctoral Universities – Very high research activity".
University of ChicagoPrivate university in Chicago, Illinois, USThe University of Chicago (UChicago, Chicago, UChi, or U of C) is a privateresearch university in the Hyde Park community area of Chicago, Illinois, United States.
Sharpe ratioIn finance, the Sharpe ratio (also known as the Sharpe index, the Sharpe measure, and the reward-to-variability ratio) measures the performance of an investment such as a security or portfolio compared to a risk-free asset, after adjusting for its risk. It is defined as the difference between the returns of the investment and the risk-free return, divided by the standard deviation of the investment returns.
MacroeconomicsMacroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study aggregate measures of the economy, such as output or gross domestic product (GDP), national income, unemployment, inflation, consumption, saving, investment, or trade.
Stochastic discount factorThe concept of the stochastic discount factor (SDF) is used in financial economics and mathematical finance. The name derives from the price of an asset being computable by "discounting" the future cash flow x~i{\displaystyle {\tilde {x}}_{i}} by the stochastic factor m~{\displaystyle {\tilde {m}}}, and then taking the expectation. This definition is of fundamental importance in asset pricing.
BBVA Foundation Frontiers of Knowledge AwardThe BBVA Foundation Frontiers of Knowledge Awards (Spanish: Premios Fundación BBVA Fronteras del Conocimiento) are an international award programme recognizing significant contributions in the areas of scientific research and cultural creation. The categories that make up the Frontiers of Knowledge Awards respond to the knowledge map of the present age.
AmericansAmericans are the citizens and nationals of the United States. U.S. federal law does not equate nationality with race or ethnicity, but rather with citizenship. The U.S. has 37 ancestry groups with more than one million individuals. White Americans form the largest racial and ethnic group at 61.6% of the U.S. population, with non-Hispanic whites making up 57.8% of the population.
EconomyAn economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources.
Urbana, IllinoisUrbana () is a city in Champaign County, Illinois, United States, and its county seat. As of the 2020 census, Urbana had a population of 38,336. It is a principal city of the Champaign–Urbana metropolitan area, which had about 236,000 residents in 2020. Urbana is notable for sharing the main campus of the University of Illinois with its twin city of Champaign.
Nobel Memorial Prize in Economic SciencesThe Nobel Memorial Prize in Economic Sciences, often referred to as the Nobel Prize in Economics, is an award in the field of economic sciences administered by the Nobel Foundation.2008 financial crisisWorldwide economic crisisThe TED spread, an indicator of perceived in the financial system, increased significantly during the crisis. It spiked sharply in August 2007, remained volatile for a year, and spiked even higher in September 2008 to reach a record 4.65% on October 10, 2008.A major worldwide financial crisis centered in the United States took place in 2008.Utah State UniversityPublic university in Logan, Utah, USUtah State University (USU or Utah State) is a publicland-grant university and research university in Logan, Utah, United States. Founded in 1888 under the Morrill Land-Grant Acts as Utah's only federal land-grant institution, USU is one of the state's two flagship universities. It is classified among "R1: Doctoral Universities – Very high research activity".University of ChicagoPrivate university in Chicago, Illinois, USThe University of Chicago (UChicago, Chicago, UChi, or U of C) is a privateresearch university in the Hyde Park community area of Chicago, Illinois, United States.Sharpe ratioIn finance, the Sharpe ratio (also known as the Sharpe index, the Sharpe measure, and the reward-to-variability ratio) measures the performance of an investment such as a security or portfolio compared to a risk-free asset, after adjusting for its risk. It is defined as the difference between the returns of the investment and the risk-free return, divided by the standard deviation of the investment returns.MacroeconomicsMacroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study aggregate measures of the economy, such as output or gross domestic product (GDP), national income, unemployment, inflation, consumption, saving, investment, or trade.Stochastic discount factorThe concept of the stochastic discount factor (SDF) is used in financial economics and mathematical finance. The name derives from the price of an asset being computable by "discounting" the future cash flow x~i{\displaystyle {\tilde {x}}_{i}} by the stochastic factor m~{\displaystyle {\tilde {m}}}, and then taking the expectation. This definition is of fundamental importance in asset pricing.BBVA Foundation Frontiers of Knowledge AwardThe BBVA Foundation Frontiers of Knowledge Awards (Spanish: Premios Fundación BBVA Fronteras del Conocimiento) are an international award programme recognizing significant contributions in the areas of scientific research and cultural creation. The categories that make up the Frontiers of Knowledge Awards respond to the knowledge map of the present age.AmericansAmericans are the citizens and nationals of the United States. U.S. federal law does not equate nationality with race or ethnicity, but rather with citizenship. The U.S. has 37 ancestry groups with more than one million individuals. White Americans form the largest racial and ethnic group at 61.6% of the U.S. population, with non-Hispanic whites making up 57.8% of the population.EconomyAn economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources.Urbana, IllinoisUrbana () is a city in Champaign County, Illinois, United States, and its county seat. As of the 2020 census, Urbana had a population of 38,336. It is a principal city of the Champaign–Urbana metropolitan area, which had about 236,000 residents in 2020. Urbana is notable for sharing the main campus of the University of Illinois with its twin city of Champaign.*As an Amazon Associate I earn from qualifying purchases.