Macroeconomic modelling
by Hall, S. G.
This book arose out of research carried out by the authors in the period 1983-1987 whilst at the National Institute of Economic and Social Research. A number of things combined to impart the basic thrust of the research: partly the developments in formulating and estimating rational expectations models, and partly actual developments in the UK economy itself.An application of recent developments in dynamic modelling to a complete macroeconometric model of the UK is presented. Rational expectati…
Read More ↓Title Statements
- Full title :Macroeconomic modelling / S.G. Hall, S.G.B. Henry.
Summary
This book arose out of research carried out by the authors in the period 1983-1987 whilst at the National Institute of Economic and Social Research. A number of things combined to impart the basic thrust of the research: partly the developments in formulating and estimating rational expectations models, and partly actual developments in the UK economy itself.An application of recent developments in dynamic modelling to a complete macroeconometric model of the UK is presented. Rational expectations modelling, co-integration and disequilibrium modelling are covered. The book also develops comput.
Read More ↓Edition Statements
- Publication Date:1988.
Publication Statements
- Publisher(s):North-Holland
- Place of Publication:Amsterdam
- Language:eng
- Publication Date:1988.
The Physical Object
- Description:1 online resource (432 pages)
Edition Identifiers
- ISBN:9781483295473, 1483295478, 9781322472584, 1322472580
- oclc:ocn897647394
- LC Classification:HB172.5
- Dewey Decimal:339/.0724
Table of Contents
Front Cover; Macroeconomic Modelling; Copyright Page; Introduction to the series; Dedication; PREFACE; Table of Contents; Chapter 1. Dynamic Modelling and Rational Expectations; 1 Introduction; 2 General analysis of dynamic models; 3 Estimation methods; 4 Empirical results; Chapter 2. Dynamic Modelling and Cointegration; 1 Introduction; 2 Stationarity; 3 The background to cointegration theory; 4 Integrated variables and cointegration; 5 Estimating the cointegrating vector; 6 Testing for cointegration; Chapter 3· Disequilibrium Models; 1 Introduction; 2 Disequilibrium models
3 Estimation methods4 The specification and estimation of a disequilibrium model of the labour market; Chapter 4. Macro Models; 1 Introduction; 2 The key equations in the macro model; 3 Conclusions; Chapter 5. Model Solutions, Dynamic Tracking and Mechanical Forecasts; 1 Introduction; 2 Solving large non-linear models; 3 Solving non-linear models with consistent and rational expectations; Chapter 6. Stochastic Analysis in Non-Linear Models; 1 Introduction; 2 A general background; 3 An application of stochastic simulation; 4 Testing if a non-linear model is bijective
5 Estimating the uncertainty of a model's s…
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