David E Runkle

Datos Biográficos

ID5852434
NOMBREDavid E Runkle
NOMBRESDavid E
APELLIDORunkle
FIRMARUNKLE D E
AFILIACIONESFederal Reserve Bank of Minneapolis
VERIFICADONo
TOTAL DE OBRAS7
TOTAL DE CITAS9
TOTAL COMO AUTOR7
TOTAL COMO EDITOR0
PRIMER AÑO DE PUBLICACIÓN1987
AÑO MÁS RECIENTE DE PUBLICACIÓN1998
ÍNDICE H2

  • Are Financial Analysts' Forecasts of Corporate Profits Rational

    Michael P Keane, David E RunkleARTICLEJournal of Political Economy1998Citada por: 2Referencias: 4

    This paper develops generalized method‐of‐moments tests for the rationality of earnings per share forecasts made by individual stock analysts. We fail to reject the hypothesis of rationality as long as we take into account two complications: (1) the correlation in a given period of analysts' forecast errors in predicting earnings for firms in the same industry and (2) discretionary asset write‐downs, which affect earnings but are intentionally ig…

  • Alternative Computational Approaches to Inference in the Multinomial Probit Model

    John Geweke, Michael P Keane et al.ARTICLEThe Review of Economics and…1994

    This research compares several approaches to inference in the multinomial probit model, based on two Monte Carlo experiments for a seven choice model.The methods compared are the simulated maximum likelihood estimator using the GHK recursive probability,simulator, the method of simulated moments estimator using the GHK recursive simulator and kernel-smoothed frequency simulators, and posterior means using a Gibbs sampling-data augmentation algori…

  • [On the Estimation of Panel-Data Models with Serial Correlation When Instruments Are Not Strictly Exogenous]

    Michael P Keane, David E RunkleARTICLEJournal of Business and Economic…1992

    Michael P. Keane, David E. Runkle, [On the Estimation of Panel-Data Models with Serial Correlation When Instruments Are Not Strictly Exogenous]: Reply, Journal of Business & Economic Statistics, Vol. 10, No. 1 (Jan., 1992), pp. 26-29

  • On the Estimation of Panel-Data Models With Serial Correlation When Instruments Are Not Strictly Exogenous

    Michael P Keane, David E RunkleARTICLEJournal of Business and Economic…1992

    In recent years, researchers in many disciplines, including economics, accounting, finance, and marketing, have increasingly relied on panel data to model the behavior of individuals and firms. They have done so because panel data allow them to control for temporally persistent unobserved differences among individuals or firms that in many instances may bias estimates obtained from cross-sections

  • Real Wages over the Business Cycle

    Michael P Keane, Michael Keane et al.ARTICLEJournal of Political Economy1988Citada por: 7Referencias: 5

    New evidence on the correlation between the cycle and the real wage is provided by using panel data to adjust for the aggregation cum selectivity bias that arises when those who move in and out of the work force over the cycle have systematically different unobserved permanent and transitory wage components than those who do not. The results show that selectivity bias is present, for those with high transitory wages are more likely to lose employ…

  • Vector Autoregressions and Reality

    David E RunkleARTICLEJournal of Business and Economic…1987

    This article questions the statistical significance of variance decompositions and impulse response functions for unrestricted vector autoregressions. It suggests that previous authors have failed to provide confidence intervals for variance decompositions and impulse response functions. Two methods of computing such confidence intervals are developed: first, using a normal approximation; second, using bootstrapped resampling. An example from Sim…

  • [Vector Autoregressions and Reality]

    David E RunkleARTICLEJournal of Business and Economic…1987