Title: Methods and Applications of Economic Dynamics: Workshop : Invited Papers (Contributions to Economic Analysis, 228)
Publisher: Emerald Publishing Limited
Publication Date: 1995
Language: English
ISBN 10: 0444814655
ISBN 13: 9780444814654
Binding: Soft cover
Condition: New

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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