Ray C. Fair

Macroeconomic Modeling

The Cowles Commission Approach

• Broschiertes Buch

Produktbeschreibung

"The book discusses an empirically-based approach to constructing macroeconomic models"-- Provided by publisher.

Produktdetails

• Verlag: MIT Press Ltd
• Seitenzahl: 286
• Erscheinungstermin: 21. Januar 2025
• Englisch
• Abmessung: 153mm x 229mm x 22mm
• Gewicht: 350g
• ISBN-13: 9780262549844
• ISBN-10: 0262549840
• Artikelnr.: 71552385

Autorenporträt

Ray C. Fair

Inhaltsangabe

1 Part I: Introduction
1 Why This Book?
2 Macro Data
3 The Econometrics
4 Part II: The US Model
4 Specification and Estimation of the US Model
5 Constructed Variables
6 Identities
7 Exogenous Variables
8 Solution
9 Part III: Analysis of the US Model
9 Size of Wealth Effects
10 Size of Fed’s Effect on Output, Unemployment, and Inflation
11 Changes in Fed’s Behavior Since 2008
12 Effects of Inflation Shocks
13 Size of Government Spending Multipliers
14 Okun’s Law
15 Explaining Contractions and Expansions
16 Part IV: Models with Rational Expectations–optional.
17 Part V: Multicountry Econometric Models–optional
18 Part VI: Further Material–optional
19 Appendix
20 References