منابع مشابه
Macro-Economic Forecasting and Modelling
Confidence in macro-economic forecasting has periodically been punctured by episodes of economic turbulence and concomitant predictive failure. The poor performance in predicting the consumer boom in the late 1980’s, and the depth and duration of the recession in the 1990’s, can be viewed as merely the latest examples in a catalogue of failures, with noteworthy antecedents including the under-p...
متن کاملThe state of macro-economic modelling
The first is based upon the seminal work of Nobel Prize winner Larry Klein in his 1947 paper. This has two basic components. First, an essentially Keynesian system of macro-theoretical relationships. Second, fitting curves (planes) through empirical macrodata using econometric (statistical) techniques to estimate parameters for these theoretical relationships. Over the past 60 years, the models...
متن کاملPreface Section 1: Bi in Macro-economic Analysis and Forecasting
With the rapid development of economic globalization and information technology, economic forecasting is emerging as a rapidly developing research field with wide applicability in business and government. To achieve an advanced position of global economic growth, one must quickly indentify good opportunities and take advantage of them in a fast and effective manner. More and more business organ...
متن کاملLearning by Trading in a Macro-Economic Forecasting Game
Macroeconomic forecasts are used extensively in industry and government even though the historical accuracy and reliability is questionable. Moreover, professional forecasters lack a test environment in which they can test their forecasting ability. We design a play-money market game for economic variables that aggregates macro-economic information. We analyse participation and learning in such...
متن کاملModelling, simulation and control of macro economic systems
The assignment in this report is motivated by the current financial crisis, which equally, or maybe even more accurately should be called a debt crisis. The research problem to be solved in this report is therefore to assess four conceptual different macroeconomic systems, including today’s Basel-type banking system, to find advantages and disadvantages in these systems compared to each other. ...
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ژورنال
عنوان ژورنال: The Economic Journal
سال: 1995
ISSN: 0013-0133
DOI: 10.2307/2235166