| Description |
1 online resource (xxii, 338 pages) : illustrations |
| Series |
Advanced texts in econometrics |
|
Advanced texts in econometrics.
|
| Contents |
Contents; List of Figures; List of Tables; List of Abbreviations; 1 Introduction; 2 Methodological issues of large-scale macromodels; 3 Inflation in open economies: the main-course model; 4 The Phillips curve; 5 Wage bargaining and price-setting; 6 Wage-price dynamics; 7 The New Keynesian Phillips curve; 8 Money and inflation; 9 Transmission channels and model properties; 10 Evaluation of monetary policy rules; 11 Forecasting using econometric models; Appendix; Bibliography; Author Index; Subject Index |
| Summary |
Macroeconometric models, in many ways the flagships of the economist's profession in the 1960s, came under increasing attack from both theoretical economist and practitioners in the late 1970s. Critics referred to their lack of microeconomic theoretical foundations, ad hoc models of expectations, lack of identification, neglect of dynamics and non-stationarity, and poor forecasting properties. By the start of the 1990s, the status of macroeconometric models had declined markedly, . and had fallen completely out of, and with, academic economics. Nevertheless, unlike the dinosaurs to which they o |
| Bibliography |
Includes bibliographical references (pages 303-325) and indexes |
| Notes |
Print version record |
| Subject |
Macroconomics -- Mathematical models
|
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Econometrics.
|
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POLITICAL SCIENCE -- Economic Conditions.
|
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BUSINESS & ECONOMICS -- Economics -- Macroeconomics.
|
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Econometrics
|
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Econometrische analyse.
|
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Macro-economie.
|
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Wiskundige modellen.
|
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Business & Economics.
|
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Economic Theory.
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Modèle macroéconomique.
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Économétrie.
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| Form |
Electronic book
|
| Author |
Bårdsen, Gunnar
|
| LC no. |
2005299990 |
| ISBN |
9780191529870 |
|
0191529877 |
|
9780199246502 |
|
0199246505 |
|
9780199246496 |
|
0199246491 |
|
9786610904723 |
|
6610904723 |
|
