Macroeconomic Modelling - Couverture rigide

Hall, S.G.; Henry, S.G.B.

Couverture rigide

ISBN 10 : 0444704299 ISBN 13 : 9780444704290

Editeur : North-Holland, 1988

Synopsis

This book arose out of research carried out by the authors in the period 1983-1987 whilst at the National Institute of Economic and Social Research. A number of things combined to impart the basic thrust of the research: partly the developments in formulating and estimating rational expectations models, and partly actual developments in the UK economy itself.An application of recent developments in dynamic modelling to a complete macroeconometric model of the UK is presented. Rational expectations modelling, co-integration and disequilibrium modelling are covered. The book also develops computational procedures for obtaining efficient solutions to large-scale models, and illustrates model solutions assuming rational expectations and stochastic simulations. Finally, sections on the analysis of models using optimal control methods illustrate applications of a large-scale econometric model. This section also discusses policy applications, including the derivation of time-consistent policies in the presence of rational expectations, giving quantified illustrations.

Détails de l'édition

• Éditeur: North-Holland
• Date d'édition: 1988
• Langue: anglais
• ISBN 10: 0444704299
• ISBN 13: 9780444704290
• Reliure: Relié
• Nombre de pages: 426
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible