Comparative Performance Of U S Econometric Models
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Comparative Performance Of U S Econometric Models
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Author : Lawrence Robert Klein
language : en
Publisher:
Release Date : 1991
Comparative Performance Of U S Econometric Models written by Lawrence Robert Klein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
Each year, a number of different economic groups in the USA use their own econometric models to forecast what will happen to the economy in the coming year. This volume consists of chapters by distinguished economists comparing the different models now being used.
Klein S Last Quarterly Econometric Model Of The United States Wharton Econometric Model Mark 10
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Author : Lawrence R Klein
language : en
Publisher: World Scientific
Release Date : 2018-02-20
Klein S Last Quarterly Econometric Model Of The United States Wharton Econometric Model Mark 10 written by Lawrence R Klein and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-20 with Business & Economics categories.
This book presents Professor Lawrence R Klein and his group's last quarterly econometric model of the United States economy that they had produced at the University of Pennsylvania. This is the last econometric model that Lawrence Klein and his disciples have left after some 50 years of cumulated efforts of constructing the US economy model up to around 2000. It was widely known as the WEFA Econometric Model Mark 10, and is the culmination of Professor Klein's research which spans more than 70 years, and would please not only Professor Klein's old students and colleagues, but also younger students who have heard so much of Klein models but have yet to see the latest model in its complete and printed form.
Macro Econometric Models
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Author : Maria-Carmen Guisan
language : en
Publisher: ICFAI Books
Release Date : 2005
Macro Econometric Models written by Maria-Carmen Guisan and has been published by ICFAI Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Macroeconomics categories.
Maria-Carmen Guisan, professor of Econometrics, University of Santiago de Compostela, Spain sets out in the footsteps of economists like Nobel Prize Laureate L R Klein, who pioneered macro-econometric modeling. Included are articles of eminent experts wh
Introduction To Macroeconomics
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Author : Dr. Seshanwita Das
language : en
Publisher: Academic Guru Publishing House
Release Date : 2022-09-12
Introduction To Macroeconomics written by Dr. Seshanwita Das and has been published by Academic Guru Publishing House this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-09-12 with Study Aids categories.
The field of macroeconomics is one of the most interesting and fiercely disputed in all of economics. The business cycle, inflation, and unemployment are only some of the macroeconomic issues discussed. These are some of economics’ most fundamental problems. The social, political, and economic consequences of governments’ attempts to solve them via economic policy are substantial. Thus, macroeconomic disputes are contentious, sometimes veering into extremely political and technical territory. This book presents both Keynesian & neoclassical versions of simple macroeconomic models, reflecting the contested nature of the field. This accomplishes two goals: it introduces the long-standing divide in macroeconomics, and it facilitates an educated debate of the differences between market clearing (neoclassical) and Keynesian models. This book demonstrates how different models can help clarify critical macroeconomic concerns. The standard view of neoclassical economists is that the macroeconomy would automatically and smoothly reach a state of full employment if market forces are allowed to function freely. This book’s major goal is to use simple graphs, rather than advanced mathematics, to demonstrate that rival theories are rational constructions with distinct underlying premises. secondary goal is to present Indian instances and explain the thought processes behind fundamental ideas.
Long Run Growth And Short Run Stabilization
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Author : The late Lawrence R. Klein
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006
Long Run Growth And Short Run Stabilization written by The late Lawrence R. Klein and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the contributors elaborate on the main issues of economic analysis and policies that concerned him.
The Natural Rate Of Unemployment
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Author : Rod Cross
language : en
Publisher: Cambridge University Press
Release Date : 1995-06-22
The Natural Rate Of Unemployment written by Rod Cross and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-06-22 with Business & Economics categories.
For 25 years, theory about the causes of, and possible solutions to, the problem of unemployment has been dominated by Phelps' and Friedman's natural rate of unemployment hypothesis. This postulates that the equilibrium rate of unemployment consistent with steady inflation is determined by structural variables: sustainable reductions in unemployment can be achieved only by measures to change underlying microeconomic structures, such as benefit and pay bargaining systems. Belief in the hypothesis has faltered since the 1980s, the hypothesis being unable to explain the dramatic upward shifts in European unemployment rates. These essays reflect upon the fundamental structures underlying the hypothesis, assess the related evidence, and look forwards, suggesting possible modifications. In contrast to the single rate postulated by the natural rate hypothesis, several of the contributors propose that there are ranges of unemployment rates consistent with steady inflation.
Indian Economic Review
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Author :
language : en
Publisher:
Release Date : 1996
Indian Economic Review written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Economics categories.
Econometric Model Performance
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Author : Lawrence R. Klein
language : en
Publisher: University of Pennsylvania Press
Release Date : 2016-11-11
Econometric Model Performance written by Lawrence R. Klein and has been published by University of Pennsylvania Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-11 with Business & Economics categories.
Models of the American economy exist in government, research institutes, universities, and private corporations. Given the proliferation, it is wise to take stock because these models come from diverse sources and describe different conditions from alternative points of view. They could be saying different things about the economy. The high-level comparative studies in this volume, gathered from several issues of the International Economic Review, with a substantive introduction and the addition of more comparative material, evaluate the performance of eleven models of the American economy: the Wharton Mark Ill Model; Brookings Model; Hickman-Coen Annual Model; Liu-Hwa Monthly Model; Data Resources, Inc. (DRI) Model; Federal Reserve Bank of St. Louis Model; Michigan Quarterly Econometric (MOEM) Model; Wharton Annual and Industry Model; Anticipation Version of the Wharton Mark Ill Model/Fair Model; U.S. Department of Commerce (BEA) Model. Each of the proprietors or builders of these models describes his own system in his own words. These studies come closer than ever before to standardizing model operations for testing purposes. Some of the models are monthly, while others are annual. but the quarterly unit of time is the most frequent. Some are demand oriented, others are supply oriented, and focus on the input-output sectors of the economy. Some use only observed. objective data; others use subjective. anticipatory data. Both large and small models are included. In spite of the diversity, the contributors have cooperated to trace the differences between their models to root causes and to report jointly the results of their research. There are also some general papers that look at model performance from outside the CEME group.
Brookings Papers On Economic Activity 2001
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Author : William C. Brainard
language : en
Publisher: Brookings Institution Press
Release Date : 2001-07-01
Brookings Papers On Economic Activity 2001 written by William C. Brainard and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-07-01 with Business & Economics categories.
For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues. Contents include: " An Analysis of Russia's 1998 Meltdown: Fundamentals and Market Signals" by Homi Kharas, Brian Pinto, and Sergei Ulataov " Does Immigration Grease the Wheels of the Labor Market?" by George Borjas Reports " The Long and Large Decline in U.S. Output Volatility" by Olivier Blanchard and John Simon " The Predictive Power of the Index of Consumer Sentiment" by E. Philip Howrey Symposium on the U.S. Current Account " Is the U.S. Current Account Deficit Sustainable? Will It Be Sustained?" by Richard N. Cooper " The International Dollar Standard and the Sustainability of the U.S. Current Account Deficit" by Ronald I. McKinnon " A Portfolio View of the U.S. Current Account Deficit" by Jaume Ventura
Selected Papers Of Lawrence R Klein Theoretical Reflections And Econometric Applications
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Author : Kanta Marwah
language : en
Publisher: World Scientific
Release Date : 1997-06-01
Selected Papers Of Lawrence R Klein Theoretical Reflections And Econometric Applications written by Kanta Marwah and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-06-01 with Business & Economics categories.
This volume contains selected papers of Lawrence R Klein in economics, econometric theory and applications in modeling, forecasting, macroeconomic analysis, international economics and public policy. Nobel Laureate Lawrence Klein's bibliography spans a half-century, including books, articles, and chapters in conference proceedings, festschriften, and thematic books. One such volume of solely scientific collections, mainly from his relatively early articles, has already been published. The present volume is different, it includes some articles, but largely chapters, or book excerpts that were mostly written since 1980, the approximate cut-off date of the prior volume, and the year of his Nobel Prize. Also, it includes things that were published in very limited or obscure editions. Thus it provides a more complete picture of his scholarly career and his current reflections on the state of economic science. All these writings are in the vanguard of thinking about economics in a global domain.The thirty-five-plus selections are organized in five parts, by major themes. An editorial commentary introduces each part. The introductory chapters include Klein's autobiographical research commentary, and his professional life philosophy.