Editor(s): Klein, Lawrence R. Num Pages: 336 pages. BIC Classification: KCH. Dimension: 243 x 163. Weight in Grams: 690. . 1997. 1st Edition. Hardcover. . . . . Books ship from the US and Ireland.

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Bibliographic Details

Title: Comparative Performance of US Econometric Models
Publisher: OUP USA
Publication Date: 1991
Language: English
ISBN 10: 0195057724
ISBN 13: 9780195057720
Binding: Hardcover
Condition: New

About this title

Synopsis

This volume compares strategic properties of the leading macroeconometric models of the United States. It summarizes the work of an ongoing seminar supported by the National Science Foundation and chaired by Lawrence R. Klein of the University of Pennsylvania. The Seminar meets three times annually. Comparisons are made across models for such characteristics as conventional multipliers (fiscal, monetary, and supply side shocks), J-curve response to dollar depreciation, and forecast performance under consistent assumptions. There are in-depth comparisons of some models and investigation of use of high frequency information to improve forecasts. There are also analyses of the sources of forecast error. The core structures of models, especially their ISLM cores, are compared. The volume contains one chapter on comparison across models of different developing countries. In addition to the contributions by participating model builders who meet regularly, the book contains critical appraisals by outsiders. The contributors include many distinguished economists in model use and analysis. Many are operators of the countries best known modelling facilities. The introduction was written by Lawrence R. Klein, winner of the Nobel Prize in Economic Science in 1980, for his work in construction and use of econometric models.

About the Author

Lawrence R. Klein is at University of Pennsylvania.

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