Practitioners' Corner
回顾1982年全球经济低迷，但该年却是金融计量经济学爆发的起点，20年后仍蓬勃发展，催生了《金融计量经济学杂志》。
The year 1982 was not a particularly good period for the world economy. At year's end, the Organization for Economic Cooperation and Development (OECD) revised its growth figures for member nations from slightly over 1% to −0.5%, with some 32 million unemployed in its 24 member states. In the United States the jobless rate was 11% and 30% of plant capacity stood idle. Otto Eckstein found the economy in its worst shape in nearly half a century. Truly the year belonged to Scrooge. Yet 1982 was a very good year indeed for financial econometrics, the debut of an explosion of activity in the area that continues vigorously 20 years later, as the emergence of the Journal of Financial Econometrics attests. In fact, it can convincingly be argued that 1982 heralded the beginning of our subject, and perhaps with the recent awarding of the Nobel Prize in Economics to Robert Engle...