Abstract
Wavelets provide a powerful tool of analysis for economics and finance, as well as for scientists in a wide variety of fields, such as signal processing, medical imaging, data compression and geology. One interpretation of wavelets is that they are a collection of functions that provide a basis for the representation of test functions that may be complicated with localized shocks, have abrupt changes in functional form, or are signals with time varying frequency and amplitude.
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Ramsey, J.B. (2010). Wavelets. In: Durlauf, S.N., Blume, L.E. (eds) Macroeconometrics and Time Series Analysis. The New Palgrave Economics Collection. Palgrave Macmillan, London. https://doi.org/10.1057/9780230280830_41
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DOI: https://doi.org/10.1057/9780230280830_41
Publisher Name: Palgrave Macmillan, London
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