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Macroeconomic Modeling
- The Cowles Commission Approach
Engelsk Paperback
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Macroeconomic Modeling
- The Cowles Commission Approach
Engelsk Paperback

780 kr
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Om denne bog
An empirical approach to constructing macroeconomic models.

Macroeconomic Modeling presents an empirically based approach to the construction of macroeconomic models—the Cowles Commission approach—as a response to the backlash that has taken place since the late 1970s to this methodology. The emphasis in the literature has been on tightly specified theoretical models, which lack realism. In this book, Ray C. Fair develops models to analyze a variety of issues and events in macroeconomics and the US economy, and he explains the econometric techniques needed to estimate those models. Many of the results are either contrary to results from the theoretical models or cannot be examined by the theoretical models because they omit many important features of the economy.

Fair covers a broad range of topics, including inflation and unemployment, the size of wealth effects, the behavior of the Federal Reserve and its effects on the economy, the effects of fiscal policy, Okun’s law, and contractions and expansions. Macroeconomic Modeling will appeal equally to graduate students and researchers as well as macroeconomic policy makers.



Product detaljer
Sprog:
Engelsk
Sider:
286
ISBN-13:
9780262549844
Indbinding:
Paperback
Udgave:
ISBN-10:
0262549840
Kategori:
Udg. Dato:
21 jan 2025
Længde:
22mm
Bredde:
229mm
Højde:
153mm
Forlag:
MIT Press Ltd
Oplagsdato:
21 jan 2025
Forfatter(e):
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