nach der Bestellung gedruckt Neuware - Printed after ordering - A discussion of various aspects of dynamic behavior of empirical macroeconomic, and in particular, macroeconometric models, is presented in this book. This book addresses in depth several theoretical and practical aspects concerning the modeling and analysis of long-run equilibrium behavior, adjustment dynamics and stability.

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Bibliographic Details

Title: Methods and Applications of Economic Dynamics
Publisher: Elsevier Science Ltd
Publication Date: 1995
Language: English
ISBN 10: 0444814655
ISBN 13: 9780444814654
Binding: Taschenbuch
Condition: Neu
Dimensions: 244 millimeters width by 170 millimeters height by 19 millimeters depth
Weight: 611 grams

About this title

Synopsis

A discussion of various aspects of dynamic behavior of empirical macroeconomic, and in particular, macroeconometric models, is presented in this book. The book addresses in depth several theoretical and practical aspects concerning the modeling and analysis of long-run equilibrium behavior, adjustment dynamics and stability. Tools are developed to identify and interpret the main determinants of the dynamics of models. The tools involve, among others, error-correction mechanisms, eigenvalue analysis, feedback closure rules, graph theory, learning behavior, steady-state analysis, and stochastic simulation. Their usefulness is demonstrated by interesting applications to a number of well-known national and multi-national models.

Review

... this volume contains interesting contributions in the field of empirical macroeconomic dynamic models, which are valuable for researchers working in this area as well as for policy-makers.
Journal of Economics

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