CEA
 

4th Oxmetrics User Conference

14 - 15 September 2006
Cass Business School

Conference Sponsors

Date and Location

14 - 15 September 2006

Cass Business School
106 Bunhill Row
London EC1Y 8TZ, UK

Organiser

G. Urga (Cass Business School)

Abstracts [pdf]

Thursday 14 September

8.30-9.00 Registration & Tea and Coffee

Session 1: Unobserved Components

Chairperson: Sebastien Laurent

09.00-11.00

Siem Jan Koopman, Marius Ooms, Irma HINDRAYANTO
(Faculty of Economics and BA, Vrije Universiteit Amsterdam)
Periodic Unobserved Cycles in Seasonal Time Series: Identification and Estimation 

Torbjørn LORENTZEN (Institute in Research in Economics and Business Administration, SNF, Bergen-Norway)
Is There Any Indication of Climate Change in the Coastal Waters off Norway? A Statistical Analysis of Temperature Data 

Matteo M. PELEGATTI (Department of Statistics, Universita' degli Studi di Milano-Bicocca)
Optimal Filtering for a Common Stochastic Cycle Shifted in Continuous Time 

Giuliano de Rossi and Andrew HARVEY (Faculty of Economics, University of Cambridge)
Quantiles, Expectiles and Splines 

11.00-11.45 Coffee Break

Session 2: Empirical Applications

Chairperson: Jennifer Castle

11.45-12.45

Toshitaka SEKINE (Bank for International Settlementsm, Monetary and Economic Department)
Time-varying Exchange Rate Pass-Through: Experience of Some Industrial Countries 

Katerina Kalcheva and Utku TEKSOZ (European Bank for Reconstruction and Development)
Monetary Policy Credibility Before Adopting the Euro: Evidence from a Markov Regime-Switching Model

12.45-14.00 Lunch

Session 3: Multivariate GARCH models

Chairperson: Siem Jan Koopman

14.00-15.30

Sebastien Laurent, Jeroen V.K. Rombouts, Annastiina Silvennoinen and Francesco VIOLANTE
(FUNDP Namur and CORE, Universite Catholique de Louvain)
Comparing and Ranking Covariance Structures of M-GARCH Volatility Models 

Juan Cajigas and Giovanni URGA (Faculty of Finance, Cass Business School)
Dynamic Conditional Correlation Models with Asymmetic Multivariate Laplace Innovations 

Menelaos KARANASOS, A. Kartsaklas and J. Kim (Business School, Brunel University, Uxbridge)
The Volume-Volatility Relationship and the Opening of the Korean Stock Market to Foreign Investors after the Financial Turmoil in 1997 

15.30-16.00 Coffee Break

Session 4: OxMetrics developments

Chairperson: Giovanni Urga

16.00-17.00 Round Table Discussion with OxMetrics Developers
Following a 5-10 minute introduction each from Jurgen Doornik, David Hendry, Siem Koopman and Sebastien Laurent, the main aim of the round table is to provide a forum for an exchange of suggestions and ideas for future developments of the software.

19:00 CONFERENCE DINNER

Friday 15 September

Session 5: Econometric methodology

Chairperson: James Davidson

09:00-10:30

David F. HENDRY (Department of Economics, Oxford University)
Econometric Methodology Revisited

Jurgen A. DOORNIK (Nuffield College, Oxford)
Implementing Automatic Regressor Selection in a Maximum-Likelihood Setting 

10:30-10.45 Coffee Break

Session 6: PcGets and model selection

Chairperson: Jurgen Doornik

10:45-11:45

David F. Hendry
(Department of Economics, Oxford University), Soren Johansen (Economics Department, University of Copenhagen) and Carlos SANTOS (Department of Economics, Oxford University)
Selecting a Regression Saturated by Indicators

Jennifer L. CASTLE and David F. Hendry (Department of Economics, Oxford University)
Selecting Non-linear Models using PcGets

Session 7: Modelling long range dependence

Chairperson: Marius Ooms

11:45-12:45

James DAVIDSON and Nigar Hashimzade
(School of Business and Economics, Exeter University)
"Type I and Type II Fractional Brownian Motions: a Reconsideration"

Arturo LECCADITO (Bergamo University and Cass Business School) and Giovanni Urga (Faculty of Finance, Cass Business School)
Fractional Models to Credit Risk Pricing

 

12.45 END OF CONFERENCE