Download or read book A Course in Macroeconomic Modelling and Forecasting written by John D. Whitley and published by . This book was released on 1994 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook is a thorough introduction to the theory and practice of macroeconomic modelling. It provides a rigorous exposition of the theory of modelling and examines the main UK and European macroeconomic models. Policy-relevant conclusions are drawn from the models, including new areas such as wealth effects and rational expectations. The text compares UK macroeconomic models with key US and European models, with an emphasis on policy analysis and the ERM.
Download or read book A course in macroeconomic modelling and forecasting written by J. Whitley and published by . This book was released on 1994 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Modelling in a Changing World written by Christopher Allen and published by . This book was released on 1997-02-12 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic Modelling in a Changing World Towards a Common Approach Edited by Chris Allen and Stephen Hall Practical economic model building has changed enormously over the last twenty years. Econometrics has become much more sophisticated with the introduction of cointegration and non-stationary time series analysis. The use of economic theory in the form of complex non-linear cross equation restrictions is now much more widespread and the explicit modelling of expectations and credibility effects is more satisfactory. This has meant that the old style macroeconomic models which were complex by virtue of their size alone have been replaced by a generation of new models which embody complex theory and estimation to provide more superior forecasting and policy tools. Macroeconomic Modelling in a Changing World outlines the modelling approach which has been adopted at the Centre for Economic Forecasting at the London Business School, one of the world’s leading research institutes into macroeconomic modelling, in building its own models. Using explicit examples and illustrations, the authors examine the latest state-of-the-art models, and answer questions such as: How are modern econometrics used by model builders? How should we deal with structural change? How should expectations be modelled? How are models used in practice? Economics
Download or read book The Econometrics of Macroeconomic Modelling written by Gunnar Bårdsen and published by OUP Oxford. This book was released on 2005-04-14 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconometric models, in many ways the flagships of the economist's profession in the 1960s, came under increasing attack from both theoretical economist and practitioners in the late 1970s. Critics referred to their lack of microeconomic theoretical foundations, ad hoc models of expectations, lack of identification, neglect of dynamics and non-stationarity, and poor forecasting properties. By the start of the 1990s, the status of macroeconometric models had declined markedly, and had fallen completely out of, and with, academic economics. Nevertheless, unlike the dinosaurs to which they often have been likened, macroeconometric models have never completely disappeared from the scene. This book describes how and why the discipline of macroeconometric modelling continues to play a role for economic policymaking by adapting to changing demands, in response, for instance, to new policy regimes like inflation targeting. Model builders have adopted new insights from economic theory and taken advantage of the methodological and conceptual advances within time series econometrics over the last twenty years. The modelling of wages and prices takes a central part in the book as the authors interpret and evaluate the last forty years of international research experience in the light of the Norwegian 'main course' model of inflation in a small open economy. The preferred model is a dynamic model of incomplete competition, which is evaluated against alternatives as diverse as the Phillips curve, Nickell-Layard wage curves, the New Keynesian Phillips curve, and monetary inflation models on data from the Euro area, the UK, and Norway. The wage price core model is built into a small econometric model for Norway to analyse the transmission mechanism and to evaluate monetary policy rules. The final chapter explores the main sources of forecast failure likely to occur in a practical modelling situation, using the large-scale nodel RIMINI and the inflation models of earlier chapters as case studies.
Download or read book The Econometrics of Macroeconomic Modelling written by Gunnar Bårdsen and published by Oxford University Press, USA. This book was released on 2005 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work describes how the discipline has adapted to changing demands by adopting new insights from economic theory and by taking advantage of the methodological and conceptual advances within time series econometrics.
Download or read book A History of Macroeconometric Model building written by Ronald G. Bodkin and published by Aldershot, Hants, England : E. Elgar. This book was released on 1991 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: This major book presents, for the first time, an authoritative history of developments in macroeconometric modelling since the 1930s. It focuses in particular on the construction of mathematico-statistical models of entire economies, estimated from national accounts and other macroeconomic data. International and comparative in scope, the book contains chapters prepared by specialists from the different countries concerned. This landmark book is indispensable to an understanding of the history and development of large scale econometric models of modern economies.
Download or read book Global and National Macroeconometric Modelling written by Anthony Garratt and published by Oxford University Press (UK). This book was released on 2012-03-15 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing a description of the state of modelling in global and national economies, this title introduces an approach to modelling that can readily be adopted for use in understanding how economies work and in generating forecasts for decision-makers and policy-makers alike.
Download or read book Macroeconomic Forecasting written by Robert Evans and published by Routledge. This book was released on 2002-01-22 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on interviews with the UK government's Panel of Independent Forecasters, the author shows how economic models, forecasts and policy analysis depend crucially upon the judgements of economists.
Download or read book Macroeconomic Modelling for Forecasting and Policy Evaluation written by and published by . This book was released on 1994 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inside a Modern Macroeconometric Model written by Alan A. Powell and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Ken Wallis (1993) has pOinted out, all macroeconomic forecasters and policy analysts use economic models. That is, they have a way of going from assumptions about macroeconomic policy and the international environment, to a prediction of the likely future state of the economy. Some people do this in their heads. Increasingly though, forecasting and policy analysis is based on a formal, explicit model, represented by a set of mathematical equations and solved by computer. This provides a framework for handling, in a consistent and systematic manner, the ever-increasing amounts of relevant information. Macroeconometric modelling though, is an inexact science. A manageable model must focus only on the major driving forces in a complex economy made up of millions of households and fIrms. International economic agencies such as the IMF and OECD, and most treasuries and central banks in western countries, use macroeconometric models in their forecasting and policy analysis. Models are also used for teaching and research in universities, as well as for commercial forecasting in the private sector.
Download or read book Macroeconometric Models written by Władysław Welfe and published by Springer Science & Business Media. This book was released on 2013-02-15 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives a comprehensive description of macroeconometric modeling and its development over time. The first part depicts the history of macroeconometric model building, starting with Jan Tinbergen's and Lawrence R. Klein's contributions. It is unique in summarizing the development and specific structure of macroeconometric models built in North America, Europe, and various other parts of the world. The work thus offers an extensive source for researchers in the field. The second part of the book covers the systematic characteristics of macroeconometric models. It includes the household and enterprise sectors, disequilibria, financial flows, and money market sectors.
Download or read book Dynamic Econometrics for Empirical Macroeconomic Modelling written by Ragnar Nymoen and published by World Scientific Publishing Company. This book was released on 2019-07-03 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this textbook, intended for master and PhD students in economics, the duality between the equilibrium concept used in dynamic economic theory, and the stationarity of economic variables is explained, and used in the presentation of econometric methods, for single equations models and for system of equations such as VARs, recursive models and simultaneous equations models. The necessary background in the mathematics of difference equations, is provided in a separate chapter. The same mathematics is used to extend the econometric methodology to non-stationary time series, which is typical of macroeconomic data. The book covers the main methods for specification and estimation of cointegrated systems. The book also contains a separate chapter on exogeneity, in the context of estimation, policy analysis and forecasting. The book also has a separate chapter about automatic (computer based) variable selection, and how it can aid in the specification of an empirical macroeconomic model. The final chapter of the book contains a common framework for model based economic forecasting. The challenges to forecasting presented by the broad sense non-stationarity of real world economic variables is discussed, as well as remedies that can be used in practice to robustify model based forecasts. There are end of chapter exercises, which are both theoretical and practical, and there are solution proposals to all exercises.
Download or read book Macroeconomic Modelling and Forecasting in the Face of Non stationarity written by John James Reade and published by . This book was released on 2008 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Forecasting models for national economic planning written by A. R. G. Heesterman and published by Springer. This book was released on 2013-11-11 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Modelling and Forecasting in the Face of Non stationarity written by John James Reade and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Modelling written by S.G. Hall and published by Elsevier. This book was released on 2014-06-28 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book arose out of research carried out by the authors in the period 1983-1987 whilst at the National Institute of Economic and Social Research. A number of things combined to impart the basic thrust of the research: partly the developments in formulating and estimating rational expectations models, and partly actual developments in the UK economy itself.An application of recent developments in dynamic modelling to a complete macroeconometric model of the UK is presented. Rational expectations modelling, co-integration and disequilibrium modelling are covered. The book also develops computational procedures for obtaining efficient solutions to large-scale models, and illustrates model solutions assuming rational expectations and stochastic simulations. Finally, sections on the analysis of models using optimal control methods illustrate applications of a large-scale econometric model. This section also discusses policy applications, including the derivation of time-consistent policies in the presence of rational expectations, giving quantified illustrations.
Download or read book Macroeconomic Modeling and Forecasting Manual written by Jesimen Chipika and published by . This book was released on 2012 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:
