Inside a Modern Macroeconometric Model: A Guide to the Murphy Model / Edition 2

Inside a Modern Macroeconometric Model: A Guide to the Murphy Model / Edition 2

by Alan A. Powell, Christopher W. Murphy
     
 

ISBN-10: 3540631461

ISBN-13: 9783540631460

Pub. Date: 08/19/1997

Publisher: Springer Berlin Heidelberg

This book is unique. It gives a clear and systematic account of the economic basis of every equation in a major 100-equation macro model, plus full documentation of parameters and simulation properties. Results are explained in detail with the help of miniature models that capture the important macrodynamics as well as the steady-state properties of the model.

Overview

This book is unique. It gives a clear and systematic account of the economic basis of every equation in a major 100-equation macro model, plus full documentation of parameters and simulation properties. Results are explained in detail with the help of miniature models that capture the important macrodynamics as well as the steady-state properties of the model. Microeconomic underpinnings are stressed throughout. This book will be particularly useful to practitioners of policy economics and forecasting, as well as to upper-level undergraduate and graduate students in economics and econometrics.

Product Details

ISBN-13:
9783540631460
Publisher:
Springer Berlin Heidelberg
Publication date:
08/19/1997
Series:
Lecture Notes in Economics and Mathematica
Edition description:
2nd rev. and enlarged ed. 1997
Pages:
455
Product dimensions:
6.10(w) x 9.25(h) x 0.04(d)

Table of Contents

Setting the Scene.- Strutural Form of MM.- Simulations with MM.- New Horizons.

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