Macroeconomic Modeling
The Cowles Commission Approach
Published on 21. January 2025
Book
Paperback/Softback
286 pages
978-0-262-54984-4 (ISBN)
Description
"The book discusses an empirically-based approach to constructing macroeconomic models"-- Provided by publisher.
More details
Language
English
Place of publication
Cambridge (Massachusetts)
United States
Publishing group
MIT Press Ltd
Illustrations
14 BLACK AND WHITE ILLUS.
Dimensions
Height: 225 mm
Width: 152 mm
Thickness: 22 mm
Weight
354 gr
ISBN-13
978-0-262-54984-4 (9780262549844)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
E-Book
01/2025
MIT Press
€78.49
Available for download
Person
Ray C. Fair
Content
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
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