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An Econometric Model of the US Economy. Structural Analysis in 56 Equations.
John J Heim
€ 156.43
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Description for An Econometric Model of the US Economy. Structural Analysis in 56 Equations.
Hardback. Num Pages: 330 pages, 125 black & white illustrations, biography. BIC Classification: KCB; KCP. Category: (P) Professional & Vocational. Dimension: 210 x 148. .
This book explores the US economy from 1960 to 2010 using a more Keynsian, Cowles model approach, which the author argues has substantial advantages over the vector autoregression (VAR) and dynamic stochastic general equilibrium (DSGE) models used almost exclusively today. Heim presents a robust argument in favor of the Cowles model as an answer to the pressing, unresolved methodological question of how to accurately model the macroeconomy so that policymakers can reliably use these models to assist their decision making. Thirty-eight behavioral equations, describing determinants of variables such as consumption, taxes, and government spending, are connected by eighteen identities to ... Read more
This book explores the US economy from 1960 to 2010 using a more Keynsian, Cowles model approach, which the author argues has substantial advantages over the vector autoregression (VAR) and dynamic stochastic general equilibrium (DSGE) models used almost exclusively today. Heim presents a robust argument in favor of the Cowles model as an answer to the pressing, unresolved methodological question of how to accurately model the macroeconomy so that policymakers can reliably use these models to assist their decision making. Thirty-eight behavioral equations, describing determinants of variables such as consumption, taxes, and government spending, are connected by eighteen identities to ... Read more
Product Details
Format
Hardback
Publication date
2017
Publisher
Springer International Publishing AG Switzerland
Number of pages
330
Condition
New
Number of Pages
460
Place of Publication
Cham, Switzerland
ISBN
9783319506807
SKU
V9783319506807
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About John J Heim
John J. Heim is Visiting Professor at University of Albany-SUNY, and retired Clinical Professor of Economics at Rensselaer Polytechnic Institute, both in New York, USA.
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