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Inside a Modern Macroeconometric Model
Powell, Alan A.; Murphy, Christopher W.
€ 195.85
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Description for Inside a Modern Macroeconometric Model
Paperback. Num Pages: 455 pages, 90 black & white tables, biography. BIC Classification: KCA; KCB. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 24. Weight in Grams: 724.
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. ... Read more
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. ... Read more
Product Details
Format
Paperback
Publication date
2012
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
455
Condition
New
Number of Pages
455
Place of Publication
Berlin, Germany
ISBN
9783642638367
SKU
V9783642638367
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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