This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? …
This text describes the principles of constructing dynamic macroeconometric models and their use in economic analyses and forecasting. The discription of the econometric methodology has been limited to specific applications of time series analysis.
This authoritative new textbook integrates the modern monetary framework, based on the 3-equation model of the demand side, the supply side and the policy maker, with a model of the financial system. As a result, the authors comprehensively address the limitations of the mainstr…
In recent years econometricians have examined the problems of diagnostic testing, specification testing, semiparametric estimation and model selection. In addition researchers have considered whether to use model testing and model selection procedures to decide the models that b…
This title provides an introduction to rigorous general equilibrium analysis for non-specialist economics students.
