Wavelets in Economics and Finance: Past and Future
70 Pages Posted: 12 Nov 2008
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: Suggested Citation
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