A Small-Size Macroeconometric Model for Pakistan Economy

Economic Policy Analysis in a Macroeconometric Model for Iran

Inflation and Unemployment in a Macroeconometric Model

The main question of this conference is why there has recently been both high inflation and high unemployment in the U.S. economy. The purpose of this paper is to consider this question within the context of a macroeconometric model. Much of the literature on inflation and unemployment since Phillips wrote his classic paper [lo] has centered around the question of whether the relationship betwe...

Evaluating Inflation Targeting Using a Macroeconometric Model

This paper uses a structurally estimated macroeconometric model, denoted the MC model, to evaluate inflation targeting in the United States. Various interest rate rules are tried with differing weights on inflation and output, and various optimal control problems are solved using differing weights on inflation and output targets. Price-level targeting is also considered. The results show that 1...

A Long Run Structural Macroeconometric Model for Germany

The objective of this paper is to apply the method developed in Garratt, Lee, Pesaran, and Shin (2000) to build a structural model for Germany with a transparent and theoretically coherent foundation. The modelling strategy consists of a set of long-run structural relationships suggested by economic theory and an otherwise unrestricted VAR model. It turns out that we can rebuild the structure o...

economic policy analysis in a macroeconometric model for iran

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