Inside a Modern Macroeconometric Model: A Guide to the Murphy Model
As Ken Wallis has pOinted out. all macroeconomic forecasters and policy analysts use economic models. That is. they have a way of going from assumptions about macroeconomic policy and the international environment. to a prediction of the likely future state of the economy. Some people do this in the...
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Hauptverfasser: | , |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Berlin, Heidelberg
Springer Berlin Heidelberg
1995
|
Ausgabe: | 1st ed. 1995 |
Schriftenreihe: | Lecture Notes in Economics and Mathematical Systems
428 |
Schlagworte: | |
Online-Zugang: | BTU01 Volltext |
Zusammenfassung: | As Ken Wallis has pOinted out. all macroeconomic forecasters and policy analysts use economic models. That is. they have a way of going from assumptions about macroeconomic policy and the international environment. to a prediction of the likely future state of the economy. Some people do this in their heads. Increasingly though. forecasting and policy analysis is based on a formal. explicit model. represented by a set of mathematical equations and solved by computer. This provides a framework for handling. in a consistent and systematic manner. the ever-increasing amounts of relevant information. Macroeconometric modelling though. is an inexact science. A manageable model must focus only on the major driving forces in a complex economy made up of millions of households and fIrms. International economic agencies such as the IMF and OECD. and most treasuries and central banks in western countries. use macroeconometric models in their forecasting and policy analysis. Models are also used for teaching and research in universities. as well as for commercial forecasting in the private sector |
Beschreibung: | 1 Online-Ressource (XVIII, 424 p) |
ISBN: | 9783662007716 |
DOI: | 10.1007/978-3-662-00771-6 |
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spelling | Powell, Alan A. Verfasser aut Inside a Modern Macroeconometric Model A Guide to the Murphy Model by Alan A. Powell, Christopher W. Murphy 1st ed. 1995 Berlin, Heidelberg Springer Berlin Heidelberg 1995 1 Online-Ressource (XVIII, 424 p) txt rdacontent c rdamedia cr rdacarrier Lecture Notes in Economics and Mathematical Systems 428 As Ken Wallis has pOinted out. all macroeconomic forecasters and policy analysts use economic models. That is. they have a way of going from assumptions about macroeconomic policy and the international environment. to a prediction of the likely future state of the economy. Some people do this in their heads. Increasingly though. forecasting and policy analysis is based on a formal. explicit model. represented by a set of mathematical equations and solved by computer. This provides a framework for handling. in a consistent and systematic manner. the ever-increasing amounts of relevant information. Macroeconometric modelling though. is an inexact science. A manageable model must focus only on the major driving forces in a complex economy made up of millions of households and fIrms. International economic agencies such as the IMF and OECD. and most treasuries and central banks in western countries. use macroeconometric models in their forecasting and policy analysis. Models are also used for teaching and research in universities. as well as for commercial forecasting in the private sector Economic Theory/Quantitative Economics/Mathematical Methods International Economics Economic theory International economics Makroökonomisches Modell (DE-588)4074486-3 gnd rswk-swf Makroökonomisches Modell (DE-588)4074486-3 s DE-604 Murphy, Christopher W. aut Erscheint auch als Druck-Ausgabe 9783540600275 Erscheint auch als Druck-Ausgabe 9783662007723 https://doi.org/10.1007/978-3-662-00771-6 Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Powell, Alan A. Murphy, Christopher W. Inside a Modern Macroeconometric Model A Guide to the Murphy Model Economic Theory/Quantitative Economics/Mathematical Methods International Economics Economic theory International economics Makroökonomisches Modell (DE-588)4074486-3 gnd |
subject_GND | (DE-588)4074486-3 |
title | Inside a Modern Macroeconometric Model A Guide to the Murphy Model |
title_auth | Inside a Modern Macroeconometric Model A Guide to the Murphy Model |
title_exact_search | Inside a Modern Macroeconometric Model A Guide to the Murphy Model |
title_exact_search_txtP | Inside a Modern Macroeconometric Model A Guide to the Murphy Model |
title_full | Inside a Modern Macroeconometric Model A Guide to the Murphy Model by Alan A. Powell, Christopher W. Murphy |
title_fullStr | Inside a Modern Macroeconometric Model A Guide to the Murphy Model by Alan A. Powell, Christopher W. Murphy |
title_full_unstemmed | Inside a Modern Macroeconometric Model A Guide to the Murphy Model by Alan A. Powell, Christopher W. Murphy |
title_short | Inside a Modern Macroeconometric Model |
title_sort | inside a modern macroeconometric model a guide to the murphy model |
title_sub | A Guide to the Murphy Model |
topic | Economic Theory/Quantitative Economics/Mathematical Methods International Economics Economic theory International economics Makroökonomisches Modell (DE-588)4074486-3 gnd |
topic_facet | Economic Theory/Quantitative Economics/Mathematical Methods International Economics Economic theory International economics Makroökonomisches Modell |
url | https://doi.org/10.1007/978-3-662-00771-6 |
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