The search for objective analysis in the cause of making informed investment decisions is the Holy Grail of finance. Unfortunately, narrative risk continually threatens to derail us on our crucial ...

This is a preview. Log in through your library . Abstract Mixed probit models are widely applied in many fields where prediction of a binary response is of interest. Typically, the random effects are ...

The recent correction in the stock market has yet to trigger a clear recession warning for the US economy, based on a model that uses S&P 500 drawdowns. A probit-based model is currently estimating a ...

Journal of Applied Econometrics, Vol. 34, No. 6 (September/October 2019), pp. 994-1015 (22 pages) The purpose of this paper is to provide guidelines for empirical researchers who use a class of ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This working paper inaugurates the "Technology Fundamentals for Digital Finance" series, concentrating on the technical ...