The Present and Future of Empirical Finance

Posted: 17 Aug 2005

See all articles by Clive W. J. Granger

Clive W. J. Granger

University of California, San Diego (UCSD) - Department of Economics; Tinbergen Institute

Abstract

More and more data, greatly increased computing power, a rising number of research enthusiasts, an increased number of finance journals, and sophisticated techniques have been the characteristics of empirical finance in the past 30 years. Topics of current interest relate to conditional means, conditional variances, and conditional distributions. These topics will remain in the forefront for years to come and perhaps be joined by questions that will shake the foundations of finance theory. For example, will we find that market data are characterized by jump diffusions - that is, diffusions with breaks - rather than standard diffusions?

Keywords: Quantitative Tools, Econometric and Statistical Methods, Investment Theory, Efficient Market Theory, Portfolio Theory

Suggested Citation

Granger, Clive W. J., The Present and Future of Empirical Finance. Financial Analysts Journal, Vol. 61, No. 4, pp. 15-18, July/August 2005, Available at SSRN: https://ssrn.com/abstract=775025

Clive W. J. Granger (Contact Author)

University of California, San Diego (UCSD) - Department of Economics ( email )

9500 Gilman Drive
La Jolla, CA 92093-0508
United States
858-534-3383 (Phone)
858-534-7040 (Fax)

Tinbergen Institute ( email )

Burg. Oudlaan 50
Rotterdam, 3062 PA
Netherlands

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