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Specification, Estimation, and Analysis of Macroeconometric Models.

Fair, Ray

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ISBN 10: 0674831802 / ISBN 13: 9780674831803
Verlag: Harvard University Press, Harvard University Press, 1984
Gebraucht Zustand: Good Hardcover
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479p cloth with dustjacket, excellent condition, from a Cambridge college library, footnotes, index, appendices, very good. Buchnummer des Verkäufers PAB 91453

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Bibliografische Details

Titel: Specification, Estimation, and Analysis of ...

Verlag: Harvard University Press, Harvard University Press

Erscheinungsdatum: 1984

Einband: Hardcover

Zustand: Good

Zustand des Schutzumschlags: Dust Jacket Included

Über diesen Titel

Inhaltsangabe:

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.

About the Author:

Ray C. Fair is Professor of Economics at Yale University.

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