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Inside a Modern Macroeconometric Model: A Guide to the Murphy Model

✍ Scribed by Prof. Alan A. Powell, Christopher W. Murphy (auth.)

Publisher
Springer Berlin Heidelberg
Year
1995
Tongue
English
Leaves
436
Series
Lecture Notes in Economics and Mathematical Systems 428
Category
Library
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✦ Table of Contents

Front Matter....Pages i-xviii
How to Use this Book....Pages 1-4
Distinguishing Features of MM....Pages 5-13
Principal Mechanisms in MM....Pages 15-78
Overview of Part Two....Pages 79-92
Wage Behaviour....Pages 93-107
Labour Force Participation....Pages 109-116
Private Consumption Behaviour....Pages 117-122
Behaviour of the Rental Price of Housing....Pages 123-133
Production of Housing Rental Services and Investment in Dwellings....Pages 135-148
The Enterprise Production Block of the Business Sector....Pages 149-174
Business Fixed Investment....Pages 175-184
Business Sector Employment....Pages 185-188
Import Supply and Demand....Pages 189-196
Aggregate Export Supply....Pages 197-198
Disaggregation of Export Supply....Pages 199-202
Overseas Demand for β€˜Commodity’ Exports....Pages 203-205
Inventory Investment in β€˜Commodity’ Exports....Pages 207-212
Demand for Non-β€˜Commodity’ Exports....Pages 213-214
Domestic Good Inventory Investment....Pages 215-218
Price Dynamics for the Domestic Good....Pages 219-222
Sales of the Domestic Good; Miscellaneous Identities for Investment and Capital....Pages 223-226
The Government Sector....Pages 227-240
Financial Markets....Pages 241-258
National-Accounting, Stock-Flow and Miscellaneous Identities....Pages 259-264
Introduction to the Simulations....Pages 303-306
Monetary Shocks....Pages 307-350
A Fiscal Shock....Pages 351-396
Back Matter....Pages 397-429

✦ Subjects

Economic Theory; International Economics

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