Essays in nonlinear dynamics in economics and econometrics with applications to monetary policy and banking

Wolski M (2014)
Amsterdam: Amsterdam University Press.

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Bielefeld Dissertation | English
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Dawid, HerbertUniBi ; Diks, Cees
Abstract
This thesis explores the highly nonlinear profile of the modern financial world and assesses its relevance in monetary policy conduct and macroprudential supervision. It focuses on three possible different origins of nonlinear structures. Firstly, we study the role of the heterogeneous and boundedly rational expectations in driving the aggregate economic dynamics. Secondly, we investigate the irregularities of probability distributions and their consequences for quantitative inference. Thirdly, we assess the behavior of the global asset network through a prism of complex systems. Because of its extraordinary relevance in the real world, a lot of attention is being paid to the banking side of the economy. The practical goal of this thesis is to provide the tools and general directions on how to incorporate possible nonlinear dependencies into existing economic modeling techniques. In times of very non-standard policy actions, these tools might prove to be of great importance as they offer more robust and flexible approaches to financial modeling and forecasting.
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Wolski M. Essays in nonlinear dynamics in economics and econometrics with applications to monetary policy and banking. Amsterdam: Amsterdam University Press; 2014.
Wolski, M. (2014). Essays in nonlinear dynamics in economics and econometrics with applications to monetary policy and banking. Amsterdam: Amsterdam University Press.
Wolski, M. (2014). Essays in nonlinear dynamics in economics and econometrics with applications to monetary policy and banking. Amsterdam: Amsterdam University Press.
Wolski, M., 2014. Essays in nonlinear dynamics in economics and econometrics with applications to monetary policy and banking, Amsterdam: Amsterdam University Press.
M. Wolski, Essays in nonlinear dynamics in economics and econometrics with applications to monetary policy and banking, Amsterdam: Amsterdam University Press, 2014.
Wolski, M.: Essays in nonlinear dynamics in economics and econometrics with applications to monetary policy and banking. Amsterdam University Press, Amsterdam (2014).
Wolski, Marcin. Essays in nonlinear dynamics in economics and econometrics with applications to monetary policy and banking. Amsterdam: Amsterdam University Press, 2014.
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