Macroeconometrics: Developments, Tensions, and Prospects / Edition 1

by Kevin D. Hoover

Overview

Each chapter of Macroeconometrics is written by respected econometricians in order to provide useful information and perspectives for those who wish to apply econometrics in macroeconomics. The chapters are all written with clear methodological perspectives, making the virtues and limitations of particular econometric approaches accessible to a general readership familiar with applied macroeconomics. The real tensions in macroeconometrics are revealed by the critical comments from different econometricians, having an alternative perspective, which follow each chapter.

Product Details

ISBN-13:	9780792395898
Publisher:	Springer Netherlands
Publication date:	12/31/1995
Series:	Recent Economic Thought , #46
Edition description:	1995
Pages:	577
Product dimensions:	6.10(w) x 9.25(h) x 0.24(d)

Table of Contents

1 The Problem of Macroeconometrics.- I. Alternative Econometric Methodologies.- 2 Recent Advances in Solving and Estimating Dynamic Macroeconomic Models.- 3 The Economics of VAR Models.- 4 Progressive Modeling of Macroeconomic Time Series: The LSE Methodology.- 5 The Econometrics of the General Equilibrium Approach toBusiness Cycles.- II. The Lucas Critique Reconsidered.- 6 Causal Orderings.- 7 On Policy Regimes.- 8 The Lucas Critique in Practice: Theory Without Measurement.- 9 Rational Expectations and the Economic Consequences ofChanges in Regime.- 10 Historical Macroeconomics and Macroeconomic History.- Ill. Frontiers of Macroeconometrics.- 11 Modeling Volatility Dynamics.- 12 Dynamic Specification and Testing for Unit Roots and Cointegration.- 13 Nonlinear Models of Economic Fluctuations.

Editorial Reviews

Addresses a range of topics important to current macroeconomics, for practitioners or students in the field who have some knowledge of econometrics but are not specialists in it. The 12 commissioned papers provide information and perspectives on the virtues and limitations of applying several methods of econometrics to macroeconomics. The topics include advances in solving and estimating dynamic models, the LSE methodology of progressive modeling of time series, the Lucas critique in practice, modeling volatility dynamics, and nonlinear models of economic fluctuations. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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