An Econometric Model of the US Economy: Structural Analysis in 56 Equations

An Econometric Model of the US Economy: Structural Analysis in 56 Equations

English | PDF,EPUB | 2017 | 480 Pages | ISBN : 3319506803 |12.95MB

This book explores the US economy from 1960 to 2010 using a more Keynsian, Cowles model approach, which the author argues has substantial advantages over the vector autoregression (VAR) and dynamic stochastic general equilibrium (DSGE) models used almost exclusively today. Heim presents a robust argument in favor of the Cowles model as an answer to the pressing, unresolved methodological question of how to accurately model the macroeconomy so that policymakers can reliably use these models to assist their decision making.
Thirty-eight behavioral equations, describing determinants of variables such as consumption, taxes, and government spending, are connected by eighteen identities to construct a comprehensive model of the real US economy that Heim then tests across four different time periods to ensure that results are consistent. This comprehensive demonstration of the value of a long-ignored model provides overwhelming evidence that the more Keynesian (Cowles) structural models outperform VAR and DSGE, and therefore should be the models of choice in future macroeconomic studies.

Download:

http://longfiles.com/zhmvqd7dabjs/An_Econometric_Model_of_the_US_Economy_Structural_Analysis_in_56_Equations.rar.html

[Fast Download] An Econometric Model of the US Economy: Structural Analysis in 56 Equations


Ebooks related to "An Econometric Model of the US Economy: Structural Analysis in 56 Equations" :
The Employer's Handbook
International Tax Policy: Between Competition and Cooperation
Creating Value from Mergers and Acquisitions
Inside Real Estate: Buy, Sell and Profit in any Property Market
Code and the City
Commodity Trading Advisors: Risk, Performance Analysis, And Selection
Clayton M. Christensen - The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail
European Collaboration in Research and Development
Value Sweep: Mapping Growth Opportunities Across Assets
The ETF Handbook: How to Value and Trade Exchange Traded Funds
Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.