Bootstrapping Macroeconometric Models

Bootstrapping Macroeconometric Models

This paper outlines a complete bootstrapping approach to the estimation and analysis of macroeconometric models. It combines the bootstrapping literature initiated by Efron (1979) and the stochastic simulation literature initiated by Adelman and Adelman (1959).

Parallel Algorithms for Large Scale Macroeconometric Models

Macroeconometric models with forward-looking variables give raise to very large systems of equations that requires heavy computations. These models was influenced by the development of new and efficient computational techniques and they are an interesting testing ground for the numerical methods addressed in this research. The most difficult problem in solving such models is to obtain the solut...

Specification, Estimation, and Analysis of Macroeconometric Models

This book is printed on acid-free paper, and its binding materials have been chosen for strength and durability. To my children, Emily and Stephen, without whom considerable time would have been saved in completion qf this book-but .ro much joy lost Acknowledgments The beginnings of this book go back to my graduate student days, and thus my indebtedness to others is substantial. My thesis advis...

Testing Structural Stability in Macroeconometric Models

Policy Applications for Global Macroeconometric Models

Acknowledgments: The views expressed here are those of the authors and not necessarily those of the Federal Reserve Bank of San Francisco or the Federal Reserve System. These comments were prepared for presentation at the 2003 meeting of the American Statistical Association. We thank Alastair Hall for the opportunity to discuss the paper and Anita Todd for editorial assistance.