Copulas in Macroeconomics
نویسنده
چکیده
This paper discusses the uses of copulas for modelling multivariate density functions and explains how copula methods can be applied to the study of macroeconomic relationships. It suggests that copulas are well suited to the study of these relationships and can sometimes shed new light on them. It then sets out the main steps of copula methodology and provides an illustrative application to the phenomenon of the Gibson paradox.
منابع مشابه
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