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Journal of Economic Literature - Book Review

JEL Volume. 49, Issue 2 | Next Review right

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Book(s) Reviewed

Economic Modeling and Inference by Bent Jesper Christensen and Nicholas M. Kiefer

Published By: Princeton and Oxford: Princeton University Press
ISBN: 978-0-691-12059-1
Date of Publication: 2009


Book Review Detail

Reviewed by: Robert M. Sauer of University of Bristol
Review DOI: 10.1257/jel.49.2.433.r1
Review Pages: 433-36

Book Review Abstract

Robert M. Sauer of the University of Bristol reviews "Economic Modeling and Inference" by Bent Jesper Christensen and Nicholas M. Kiefer. The Econlit Abstract of the reviewed work begins "Graduate-level textbook explores how to combine modern economic theory with the latest statistical inference methods to get the most out of economic data. Discusses components of a dynamic programming model; discrete states and controls; likelihood functions for discrete state/control models; random...."
Graduate-level textbook explores how to combine modern economic theory with the latest statistical inference methods to get the most out of economic data. Discusses components of a dynamic programming model; discrete states and controls; likelihood functions for discrete state/control models; random utility models; continuous states, discrete controls; an econometric framework for the search model; exact distribution theory for the job search model; measurement error in the prototypal job search model; asset markets; financial options; retirement; continuous states and controls; continuous-time models; microeconomic applications; macroeconomic applications; finance application--futures hedging; intertemporal asset pricing; dynamic equilibrium--the search model; and dynamic equilibrium--search equilibrium extensions. Includes end-of-chapter exercises. Christensen is Professor of Economics and Management at the University of Aarhus. Kiefer is Ta-Chung Liu Professor in Economics and Statistical Science at Cornell University. Index.


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Book Review Authors

Robert M. Sauer of University of Bristol


JEL Classifications

A23: Economic Education and Teaching of Economics: Graduate
C60: Mathematical Methods and Programming: General


Journal of Economic Literature


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