This is a preview. Log in through your library . Abstract A wide range of empirical applications rely on linear approximations to dynamic Euler equations. Among the most notable of these is the large ...

Reduced rank approximation of matrices by Householder-Young methods is shown to be equivalent to fitting of a bilinear (multiplicative) model and to projection onto an optimally chosen subspace. The ...

We study in detail the log-linear return approximation introduced by Campbell and Shiller (1988a). First, we derive an upper bound for the mean approximation error, given stationarity of the log ...