Wavelets in Economics and Finance: Past and Future

70 Pages Posted: 12 Nov 2008

See all articles by James B. Ramsey

James B. Ramsey

New York University - Leonard N. Stern School of Business - Department of Economics

Date Written: March 2002

Abstract

In this paper I review what insights we have gained about economic and financial relationships from the use of wavelets and speculate on what further insights we may gain in the future. Wavelets are treated as a â¬Slensâ¬? that enables the researcher to explore relationships that previously were unobservable.

Keywords: Wavelets, time scale, forecasts, oscillating frequencies, denoising, consumption function, income velocity, time varying delays

Suggested Citation

Ramsey, James B., Wavelets in Economics and Finance: Past and Future (March 2002). NYU Working Paper No. S-MF-02-02, Available at SSRN: https://ssrn.com/abstract=1300227

James B. Ramsey (Contact Author)

New York University - Leonard N. Stern School of Business - Department of Economics ( email )

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