Sale!

An Econometric Model of the US Economy: Structural Analysis in 56 Equations – eBook

eBook details

  • Authors: John J. Helm
  • File Size: 3 MB
  • Format: PDF
  • Length: 460 pages
  • Publisher: Palgrave Macmillan; 1st ed. 2017 edition
  • Publication Date: December 6, 2017
  • Language: English
  • ASIN: B077Z8Z9BR
  • ISBN-10: 3319506803
  • ISBN-13: 9783319506807

$103.77 $19.00

This ebook An Econometric Model of the US Economy: Structural Analysis in 56 Equations (PDF) checks out the US economy from 1960 to 2010 making use of a more Keynesian, Cowles model strategy, which the author argues has substantial advantages over the vector autoregression (VAR) and dynamic stochastic fundamental balance (DSGE) develops made use of almost exclusively today. Heim offers a robust argument in favor of the Cowles model as a reaction to the pressing, unsolved methodological issue of how to effectively model the macroeconomy so that policymakers can reliably make use of these styles to assist their option making. Thirty-8 behavioral equations, discussing elements of variables such as taxes, consumption, and federal government expenses, are connected by eighteen identities to develop a comprehensive model of the authentic US economy that Heim then checks throughout 4 different duration to make certain that results correspond. This extensive discussion of the worth of a long-overlooked model materials irritating evidence that the more Keynesian (Cowles) structural styles exceed DSGE and VAR, and because of that needs to be the styles of alternative in future macroeconomic research study studies.

Reviews

There are no reviews yet.

Be the first to review “An Econometric Model of the US Economy: Structural Analysis in 56 Equations – eBook”

Your email address will not be published. Required fields are marked *

You may also like…