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The Economic Impacts of Climate Change: Evidence from Agricultural Output and Random Fluctuations in Weather: Reply
Agricultural Output Random Fluctuations
2014/9/10
Fisher et al. (2012)鈥撯�揾enceforth, FHRS鈥撯�揾ave uncovered coding and data errors in our paper, Desch阯es and Greenstone (2007), henceforth, DG. We acknowledge and are embarrassed by these mistakes. We a...
Record statistics for biased random walks, with an application to financial data
asymmetric jump distributions finite variance mechanism
2011/3/30
We consider the occurrence of record-breaking events in random walks with asymmetric jump distributions. The statistics of records in symmetric random walks was previously analyzed by Majumdar and Zif...
Fractional derivatives of random walks: Time series with long-time memory
Fractional derivatives random walks Time series long-time memory
2010/12/20
We review statistical properties of models generated by the application of a (positive and negative order) fractional derivative operator to a standard random walk and show that the resulting stochas...