Inside a Modern Macroeconometric Model : A Guide to the Murphy Model
Language: English
Published by Springer, Berlin, Springer Berlin Heidelberg, Springer, 1997
- Hardcover
- New
Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH
AbeBooks seller since August 14, 2006
Condition: New
US$ 274.15
Quantity: 2 available
Add to basketItem description from seller
Neuware - As Ken Wallis (1993) 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. …
Seller Inventory # 9783540631460
- Title
- Inside a Modern Macroeconometric Model : A Guide to the Murphy Model
- Author
- Alan A. Powell
- Publisher
- Springer, Berlin, Springer Berlin Heidelberg, Springer
- Publication year
- 1997
- Condition
- Neu
- Binding
- Buch
- Language
- English
- ISBN 10
- 3540631461
- ISBN 13
- 9783540631460
- Edition
- 2nd Edition
- Item weight
- 868 grams
- Dimensions
- 235x155x32 mm
"Synopsis" may belong to another edition of this title.
Shipping rates from Germany to U.S.A.
| Item | 7 to 10 business days | 5 to 7 business days |
|---|---|---|
| First item | US$ 39.11 | US$ 50.28 |
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