Macroeconomic Model
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Specification Estimation and Analysis of Macroeconometric Models
Author | : Ray C. Fair |
Publsiher | : Harvard University Press |
Total Pages | : 504 |
Release | : 1984 |
Genre | : Business & Economics |
ISBN | : 0674831802 |
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This book gives a practical, applications-oriented account of the latest techniques for estimating and analyzing large, nonlinear macroeconomic models. Ray Fair demonstrates the application of these techniques in a detailed presentation of several actual models, including his United States model, his multicountry model, Sargent's classical macroeconomic model, autoregressive and vector autoregressive models, and a small (twelve equation) linear structural model. He devotes a good deal of attention to the difficult and often neglected problem of moving from theoretical to econometric models. In addition, he provides an extensive discussion of optimal control techniques and methods for estimating and analyzing rational expectations models. A computer program that handles all the techniques in the book is available from the author, making it possible to use the techniques with little additional programming. The book presents the logic of this program. A smaller program for personal microcomputers for analysis of Fair's United States model is available from Urban Systems Research & Engineering, Inc. Anyone wanting to learn how to use large macroeconomic models, including researchers, graduate students, economic forecasters, and people in business and government both in the United States and abroad, will find this an essential guidebook.
The Econometrics of Macroeconomic Modelling
Author | : Gunnar Bårdsen,Øyvind Eitrheim,Eilev S. Jansen,Ragnar Nymoen |
Publsiher | : Oxford University Press on Demand |
Total Pages | : 361 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 9780199246496 |
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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.
Income Distribution in Macroeconomic Models
Author | : Giuseppe Bertola,Reto Foellmi,Josef Zweimüller |
Publsiher | : Princeton University Press |
Total Pages | : 440 |
Release | : 2014-09-28 |
Genre | : Business & Economics |
ISBN | : 9781400865093 |
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This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.
Challenges for Macroeconomic Modelling
Author | : W. Driehuis,M.M.G. Fase,H. den Hartog |
Publsiher | : Elsevier |
Total Pages | : 500 |
Release | : 2014-06-28 |
Genre | : Business & Economics |
ISBN | : 9781483294513 |
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This book collects the revised and edited proceedings of the conference held in honour of the 50th anniversary of Professor Tinbergen's first macroeconomic policy model. Written by experts both in the field of model building and policy analysis, the contributions provide an invaluable overview of the state of the art and the use of macroeconomic models in our time.
Income Distribution in Macroeconomic Models
Author | : Giuseppe Bertola,Reto Foellmi,Josef Zweimüller |
Publsiher | : Princeton University Press |
Total Pages | : 439 |
Release | : 2014-09-28 |
Genre | : Business & Economics |
ISBN | : 9780691164595 |
Download Income Distribution in Macroeconomic Models Book in PDF, Epub and Kindle
This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.
Macroeconomic Model
Author | : Fouad Sabry |
Publsiher | : One Billion Knowledgeable |
Total Pages | : 297 |
Release | : 2024-04-15 |
Genre | : Business & Economics |
ISBN | : PKEY:6610000551163 |
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What is Macroeconomic Model A macroeconomic model is an analytical tool designed to describe the operation of the problems of economy of a country or a region. These models are usually designed to examine the comparative statics and dynamics of aggregate quantities such as the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the level of prices. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Macroeconomic model Chapter 2: Macroeconomics Chapter 3: Rational expectations Chapter 4: New Keynesian economics Chapter 5: Monopoly profit Chapter 6: Fiscal policy Chapter 7: Phillips curve Chapter 8: Nominal rigidity Chapter 9: Lucas critique Chapter 10: Representative agent Chapter 11: Economic model Chapter 12: Computational economics Chapter 13: Demand for money Chapter 14: Dynamic stochastic general equilibrium Chapter 15: Microfoundations Chapter 16: Neoclassical synthesis Chapter 17: History of macroeconomic thought Chapter 18: Jacques Drèze Chapter 19: Large-scale macroeconometric model Chapter 20: Heterogeneity in economics Chapter 21: Moral hazard (II) Answering the public top questions about macroeconomic model. (III) Real world examples for the usage of macroeconomic model in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Macroeconomic Model.
Intertemporal Macroeconomic Models Money and Regional Choice
Author | : G. Chirichiello |
Publsiher | : Springer |
Total Pages | : 273 |
Release | : 2000-05-23 |
Genre | : Business & Economics |
ISBN | : 9780333977422 |
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Intertemporal macroeconomics links microeconomics and growth theory methods. The effects of policies are examined as the dynamic interaction between decisions of agents and policy interventions. The book explores the two basic approaches of models of infinitely-lived agents (Cass-Ramsey-Koopmans approach) and models of overlapping-generations (Allais-Fisher-Samuelson approach). Controversial questions concerning monetary models and monetary policies are also considered in a systematic way. The book also introduces both real models and monetary models of endogenous growth.
Introduction to Dynamic Macroeconomic General Equilibrium Models
Author | : Jose Luis Torres Chacon |
Publsiher | : Vernon Press |
Total Pages | : 270 |
Release | : 2015-03-01 |
Genre | : Electronic Book |
ISBN | : 1622730259 |
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This book offers an introductory step-by-step course to Dynamic Stochastic General Equilibrium modelling. Modern macroeconomic analysis is increasingly concerned with the construction, calibration and/or estimation and simulation of Dynamic General Equilibrium (DGE) models. The book is intended for graduate students as an introductory course to DGE modelling and for those economists who would like a hands-on approach to learning the basics of modern dynamic macroeconomic modelling. The book starts with the simplest canonical neoclassical DGE model and then gradually extends the basic framework incorporating a variety of additional features, such as consumption habit formation, investment adjustment cost, investment-specific technological change, taxes, public capital, household production, non-ricardian agents, monopolistic competition, etc. The book includes Dynare codes for the models developed that can be downloaded from the book's homepage.