Policy Applications for Global Macroeconometric Models
نویسنده
چکیده
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.
منابع مشابه
USC Dornsife Institute for New Economic Thinking Working Paper No. 14-02 Panel Macroeconometric Modeling
This paper provides a selective survey of the panel macroeconometric techniques that focus on controlling the impact of “unobserved heterogeneity” across individuals and over time to obtain valid inference for “structures” that are common across individuals and over time. We consider issues of (i) estimating vector autoregressive models; (ii) testing of unit root or cointegration; (iii) statist...
متن کاملCESAM The CCSO annual model of the Dutch economy
This paper presents CESAM, a macroeconometric model of the Dutch economy based on annual data. CESAM can be characterized as a Keynesian expenditure model including a neoclassical production model and a post-KeynesianJinancial model. This characterization holds for most of the Dutch macroeconometric models including, for instance, FREIA-KOMPAS of the Dutch Central Planning Bureau. There are, ho...
متن کاملPanel Macroeconometric Modeling∗
This paper provides a selective survey of the panel macroeconometric techniques that focus on controlling the impact of “unobserved heterogeneity” across individuals and over time to obtain valid inference for “structures” that are common across individuals and over time. We consider issues of (i) estimating vector autoregressive models; (ii) testing of unit root or cointegration; (iii) statist...
متن کاملCenter Manifold, Stability, and Bifurcations in Continuous Time Macroeconometric Systems
In a recent paper, we studied bifurcation phenomena in continuous time macroeconometric models. The objective was to explore the relevancy of Grandmont's (1985) ndings to models permitting more reasonable elasticities than were possible in Grandmont's Cobb Douglas overlapping generations model. Another objective was to explore the relevancy of his ndings to a model in which some solution paths ...
متن کامل