The econometrics of macroeconomic modelling /:

Macroeconometric models, in many ways the flagships of the economist's profession in the 1960s, came under increasing attack from both theoretical economist and practitioners in the late 1970s. Critics referred to their lack of microeconomic theoretical foundations, ad hoc models of expectation...

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Bibliographische Detailangaben
Weitere Verfasser: Bårdsen, Gunnar
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Oxford ; New York : Oxford University Press, 2005.
Schriftenreihe:Advanced texts in econometrics.
Schlagworte:
Online-Zugang:Volltext
Zusammenfassung:Macroeconometric models, in many ways the flagships of the economist's profession in the 1960s, came under increasing attack from both theoretical economist and practitioners in the late 1970s. Critics referred to their lack of microeconomic theoretical foundations, ad hoc models of expectations, lack of identification, neglect of dynamics and non-stationarity, and poor forecasting properties. By the start of the 1990s, the status of macroeconometric models had declined markedly, . and had fallen completely out of, and with, academic economics. Nevertheless, unlike the dinosaurs to which they o.
Beschreibung:1 online resource (xxii, 338 pages) : illustrations.
Bibliographie:Includes bibliographical references (pages 303-325) and indexes.
ISBN:9780191529870
0191529877
9780199246502
0199246505
9780199246496
0199246491
9786610904723
6610904723

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