Arnold Zellner (1927–2010)

Franz C. Palm

doi:10.1007/978-3-031-01775-9_31

Arnold Zellner (1927–2010)

Franz C. Palm^*

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic

Abstract

This objective of this chapter is to review Arnold Zellner’s comprehensive scientific contributions. Zellner was an active researcher for almost 55 years, first in physics, and then in econometrics, statistics and economics. Among his many significant contributions, Zellner is known in particular for his work on the estimation of seemingly unrelated (multivariate) regressions, three-stage least squares estimation methods for simultaneous equations systems, Bayesian econometric methods for almost any existing econometric problem, and for designing the simultaneous equations models and time series analysis (SEMTSA) to examine the properties of economic time series in order to better understand and model their dynamics and improve their forecasts.

Original language	English
Title of host publication	The Palgrave Companion to Chicago Economics
Publisher	Palgrave Macmillan
Pages	789-815
Number of pages	27
ISBN (Electronic)	9783031017759
ISBN (Print)	9783031014918
DOIs	https://doi.org/10.1007/978-3-031-01775-9_31
Publication status	Published - 1 Jan 2023

Keywords

Bayesian statistics and econometrics
Macroeconomic forecasting
Multivariate ARMA models
Seemingly unrelated regressions
Simultaneous equations models and time series analysis (SEMTSA)
Stationary and non-stationary time series models
Three-stage least squares estimator
Vector autoregressions

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10.1007/978-3-031-01775-9_31

Cite this

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keywords = "Bayesian statistics and econometrics, Macroeconomic forecasting, Multivariate ARMA models, Seemingly unrelated regressions, Simultaneous equations models and time series analysis (SEMTSA), Stationary and non-stationary time series models, Three-stage least squares estimator, Vector autoregressions",

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doi = "10.1007/978-3-031-01775-9\_31",

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AB - This objective of this chapter is to review Arnold Zellner’s comprehensive scientific contributions. Zellner was an active researcher for almost 55 years, first in physics, and then in econometrics, statistics and economics. Among his many significant contributions, Zellner is known in particular for his work on the estimation of seemingly unrelated (multivariate) regressions, three-stage least squares estimation methods for simultaneous equations systems, Bayesian econometric methods for almost any existing econometric problem, and for designing the simultaneous equations models and time series analysis (SEMTSA) to examine the properties of economic time series in order to better understand and model their dynamics and improve their forecasts.

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KW - Macroeconomic forecasting

KW - Multivariate ARMA models

KW - Seemingly unrelated regressions

KW - Simultaneous equations models and time series analysis (SEMTSA)

KW - Stationary and non-stationary time series models

KW - Three-stage least squares estimator

KW - Vector autoregressions

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DO - 10.1007/978-3-031-01775-9_31

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SP - 789

EP - 815

BT - The Palgrave Companion to Chicago Economics

PB - Palgrave Macmillan

ER -

Arnold Zellner (1927–2010)

Abstract

Keywords

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