<p>Long before policy analysis emerged as a separate profession with its own graduate schools, economists offered advice about government policies. Positive economics provides the tools for predicting the impacts of propΒ osed policies; normative economics, especially welfare theory, offers a framew
Macroeconometrics: Developments, Tensions, and Prospects
β Scribed by Kevin D. Hoover (auth.), Kevin D. Hoover (eds.)
- Publisher
- Springer Netherlands
- Year
- 1995
- Tongue
- English
- Leaves
- 574
- Series
- Recent Economic Thought Series 46
- Edition
- 1
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
Each chapter of Macroeconometrics is written by respected econometricians in order to provide useful information and perspectives for those who wish to apply econometrics in macroeconomics. The chapters are all written with clear methodological perspectives, making the virtues and limitations of particular econometric approaches accessible to a general readership familiar with applied macroeconomics. The real tensions in macroeconometrics are revealed by the critical comments from different econometricians, having an alternative perspective, which follow each chapter.
β¦ Table of Contents
Front Matter....Pages i-xi
The Problem of Macroeconometrics....Pages 1-12
Front Matter....Pages 13-13
Recent Advances in Solving and Estimating Dynamic, Stochastic Macroeconomic Models....Pages 15-55
The Economics of Var Models....Pages 57-106
Progressive Modeling of Macroeconomic Time Series The LSE Methodology ....Pages 107-180
The Econometrics of the General Equilibrium Approach to Business Cycles....Pages 181-207
Front Matter....Pages 209-209
Causal Orderings....Pages 211-233
On Policy Regimes....Pages 235-261
The Lucas Critique in Practice....Pages 263-324
Rational Expectations and the Economic Consequences of Changes in Regime....Pages 325-349
Historical Macroeconomics and American Macroeconomic History....Pages 351-424
Front Matter....Pages 425-425
Modeling Volatility Dynamics....Pages 427-472
Dynamic Specification and Testing for Unit Roots and Cointegration....Pages 473-516
Nonlinear Models of Economic Fluctuations....Pages 517-567
Back Matter....Pages 569-577
β¦ Subjects
Macroeconomics/Monetary Economics; Econometrics; Economic Theory
π SIMILAR VOLUMES
<p>Peter E. Earl There is no doubt that it is appropriate for a series on Modern Economic Thought to include a book on the recent development of economic analysis incorporating ideas from psychology. This book was designed to appear in 1987, 15 years after the publication of a now classic collection
Psychological Economics explains the increased interest in the application of psychological contributions to economic problems. The authors investigate how psychological contributions are integrated into economic models of decision-making. They also examine mathematical psychology and economics.T
This book presents some of the most advanced experimental systems in which the role of forces has been dissected. It explores the physical principles accounting for how forces can affect soft matter such as our cells, and presents some of the methods used to measure or assess the role of forces.Pres
A critical consideration in understanding business cycles is the amplification and propagation of shocks to the economic system. Many recessions seem to arise without a clearly identifiable cause or at least one of significant magnitude to justify an economy-wide recession. How can a small shock cau