32)
Dedication
ISBN: 978-1-78190-752-8
ISSN: 0731-9053
Publication date: 13 December 2013
Citation
, (2013), "Dedication", VAR Models in Macroeconomics – New Developments and Applications: Essays in Honor of Christopher A. Sims (Advances in Econometrics, Vol. 32), Emerald Group Publishing Limited, Leeds, pp. vii-ix. https://doi.org/10.1108/S0731-9053(2013)0000031016
Publisher
:Emerald Group Publishing Limited
Copyright © 2013 Emerald Group Publishing Limited
Volume 32 of Advances in Econometrics is dedicated to Professor Christopher A. Sims, co-winner of the 2011 Nobel Prize in Economics, with Thomas J. Sargent. The Royal Swedish Academy of Sciences cited Sims and Sargent “for their empirical research on cause and effect in the macroeconomy.” In his seminal 1980 paper “Macroeconomics and Reality” Professor Sims used VAR models along with his creation of impulse response analysis and forecast error variance decompositions to demonstrate how to identify unexpected economic and policy shocks and their impacts on the macroeconomy. Following his introduction of these methods of innovation accounting, many other economists adopted and extended his methods to address a myriad of issues not the least of which are the impacts of monetary and fiscal policy on the macroeconomy. As this volume concentrates on applications and theoretical developments in the area of VARs, the editors of this volume are pleased to dedicate this volume to Professor Sims in honor of the seminal and continuing impacts of his research on our profession.
The majority of the research papers contained in this volume were presented at the 12th Advances in Econometrics Conference held at Southern Methodist University in Dallas, Texas, November 2–4, 2012. On Saturday, November 3, the Conference honored Professor Sims with a special recognition dinner in the beautiful Jones Great Hall in the Meadows Museum of Art on the SMU campus. The first picture below is of Professor Sims showing the audience the Advances in Econometrics Lifetime Achievement award given to him by the Editorial Board of Advances in Econometrics and Emerald Publishing, Ltd, the publisher of the Advances in Econometrics series. The second picture is of Professor Sims that same night lecturing a very large audience on the nature of his research and other topics including current economic policy. A facsimile of the inscription on Professor Sims’ Advances in Econometrics Lifetime Achievement Award is in the third frame below. For videos of Professor Sims’ Dinner Address and an informal interview of Professor Sims during the conference one can go to the Richard B. Johnson Center for Economics Studies website at http://www.smu.edu/Dedman/Academics/InstitutesCenters/RBJCenter and look under “Recent Multimedia.”
Thomas B. Fomby, Lutz Kilian, and Anthony Murphy
Editors
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- Var Models in Macroeconomics - New Developments and Applications: Essays in Honor of Christopher A. Sims
- Advances in Econometrics
- Var Models in Macroeconomics - New Developments and Applications: Essays in Honor of Christopher A. Sims
- Copyright Page
- Dedication
- List of Contributors
- Introduction
- The Relationship Between DSGE and VAR Models
- Do DSGE Models Forecast More Accurately Out-Of-Sample than VAR Models? ☆ The views expressed in this article are those of the authors.
- Unit Roots, Cointegration, and Pretesting in Var Models ☆ The views expressed here are the authors and not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System.
- Evaluating the Accuracy of Forecasts from Vector Autoregressions ☆ The views expressed herein are solely those of the authors and do not necessarily reflect the views of the Federal Reserve Bank of Cleveland, Federal Reserve Bank of St. Louis, Federal Reserve System, or any of its staff.
- Identifying Structural Vector Autoregressions Via Changes in Volatility ☆ This article was written while the author was a Bundesbank Professor at the Freie Universität Berlin. An earlier version of the paper was published as DIW Discussion Paper 1259 – http://www.diw.de/sixcms/detail.php?id=diw_0.1.c.412678.de
- Panel Vector Autoregressive Models: A Survey ☆ The views expressed in this article are those of the authors and do not necessarily reflect those of the ECB or the Eurosystem.
- Mixed-Frequency Vector Autoregressive Models ☆ This views expressed herein are solely those of the authors and do not necessarily reflect the views of the Norges Bank. The usual disclaimers apply.
- Thresholds and Smooth Transitions in Vector Autoregressive Models ☆ The views expressed in this article are those of the authors and should not be interpreted as reflecting the views of the European Central Bank.
- Nonparametric Vector Autoregressions: Specification, Estimation, and Inference
- Testing for Common Cycles in Non-Stationary VARs with Varied Frequency Data
- Multivariate Dynamic Probit Models: An Application to Financial Crises Mutation