Testing Macroeconometric Models / / Ray C. Fair.
In this book Ray Fair expounds powerful techniques for estimating and analyzing macroeconometric models. He takes advantage of the remarkable decrease in computational costs that has occurred since the early 1980s by implementing such sophisticated techniques as stochastic simulation. Testing Macroe...
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Place / Publishing House: | Cambridge, MA : : Harvard University Press, , [2013] ©1994 |
Year of Publication: | 2013 |
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Language: | English |
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Physical Description: | 1 online resource (421 p.) :; 20 tables |
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Fair, Ray C., author. aut http://id.loc.gov/vocabulary/relators/aut Testing Macroeconometric Models / Ray C. Fair. Reprint 2013 Cambridge, MA : Harvard University Press, [2013] ©1994 1 online resource (421 p.) : 20 tables text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- Contents -- List of Tables -- List of Figures -- Preface -- 1 Introduction -- 2 Theory -- 3 The Data, Variables, and Equations -- 4 Estimating and Testing Single Equations -- 5 The Stochastic Equations of the US Model -- 6 The Stochastic Equations of the ROW Model -- 7 Estimating and Testing Complete Models -- 8 Estimating and Testing the US Model -- 9 Testing the MC Model -- 10 Analyzing Properties of Models -- 11 Analyzing Properties of the US Model -- 12 Analyzing Properties of the MC Model -- 13 Conclusion -- Appendix A Tables for the US Model -- Appendix Β Tables for the ROW Model -- Bibliography -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star In this book Ray Fair expounds powerful techniques for estimating and analyzing macroeconometric models. He takes advantage of the remarkable decrease in computational costs that has occurred since the early 1980s by implementing such sophisticated techniques as stochastic simulation. Testing Macroeconometric Models also incorporates the assumption of rational expectations in the estimation, solution, and testing of the models. And it presents the latest versions of Fair's models of the economies of the United States and other countries. After estimating and testing the U.S. model, Fair analyzes its properties, including those relevant to economic policymakers: the optimal monetary policy instrument, the effect of a government spending reduction on the government deficit, whether monetary policy is becoming less effective over time, and the sensitivity of policy effects to the assumption of rational expectations. Ray Fair has conducted research on structural macroeconometric models for more than twenty years. With interest increasing in the area, this book will be an essential reference for macroeconomists. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) Econometric models. Econometrische modellen. Economic history. Wirtschaft. United States -- Economic conditions -- 1945- -- Econometric models. BUSINESS & ECONOMICS / Economics / General. bisacsh Title is part of eBook package: De Gruyter HUP e-dition: Complete eBook Package 9783110353488 ZDB-23-HCO Title is part of eBook package: De Gruyter HUP e-dition: Social Science eBook Package 9783110353556 ZDB-23-HCI Title is part of eBook package: De Gruyter HUP eBook Package Archive 1893-1999 9783110442212 print 9780674333437 https://doi.org/10.4159/harvard.9780674333444 https://www.degruyter.com/isbn/9780674333444 Cover https://www.degruyter.com/cover/covers/9780674333444.jpg |
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English |
format |
eBook |
author |
Fair, Ray C., Fair, Ray C., |
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Fair, Ray C., Fair, Ray C., Testing Macroeconometric Models / Frontmatter -- Contents -- List of Tables -- List of Figures -- Preface -- 1 Introduction -- 2 Theory -- 3 The Data, Variables, and Equations -- 4 Estimating and Testing Single Equations -- 5 The Stochastic Equations of the US Model -- 6 The Stochastic Equations of the ROW Model -- 7 Estimating and Testing Complete Models -- 8 Estimating and Testing the US Model -- 9 Testing the MC Model -- 10 Analyzing Properties of Models -- 11 Analyzing Properties of the US Model -- 12 Analyzing Properties of the MC Model -- 13 Conclusion -- Appendix A Tables for the US Model -- Appendix Β Tables for the ROW Model -- Bibliography -- Index |
author_facet |
Fair, Ray C., Fair, Ray C., |
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r c f rc rcf r c f rc rcf |
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VerfasserIn VerfasserIn |
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Fair, Ray C., |
title |
Testing Macroeconometric Models / |
title_full |
Testing Macroeconometric Models / Ray C. Fair. |
title_fullStr |
Testing Macroeconometric Models / Ray C. Fair. |
title_full_unstemmed |
Testing Macroeconometric Models / Ray C. Fair. |
title_auth |
Testing Macroeconometric Models / |
title_alt |
Frontmatter -- Contents -- List of Tables -- List of Figures -- Preface -- 1 Introduction -- 2 Theory -- 3 The Data, Variables, and Equations -- 4 Estimating and Testing Single Equations -- 5 The Stochastic Equations of the US Model -- 6 The Stochastic Equations of the ROW Model -- 7 Estimating and Testing Complete Models -- 8 Estimating and Testing the US Model -- 9 Testing the MC Model -- 10 Analyzing Properties of Models -- 11 Analyzing Properties of the US Model -- 12 Analyzing Properties of the MC Model -- 13 Conclusion -- Appendix A Tables for the US Model -- Appendix Β Tables for the ROW Model -- Bibliography -- Index |
title_new |
Testing Macroeconometric Models / |
title_sort |
testing macroeconometric models / |
publisher |
Harvard University Press, |
publishDate |
2013 |
physical |
1 online resource (421 p.) : 20 tables |
edition |
Reprint 2013 |
contents |
Frontmatter -- Contents -- List of Tables -- List of Figures -- Preface -- 1 Introduction -- 2 Theory -- 3 The Data, Variables, and Equations -- 4 Estimating and Testing Single Equations -- 5 The Stochastic Equations of the US Model -- 6 The Stochastic Equations of the ROW Model -- 7 Estimating and Testing Complete Models -- 8 Estimating and Testing the US Model -- 9 Testing the MC Model -- 10 Analyzing Properties of Models -- 11 Analyzing Properties of the US Model -- 12 Analyzing Properties of the MC Model -- 13 Conclusion -- Appendix A Tables for the US Model -- Appendix Β Tables for the ROW Model -- Bibliography -- Index |
isbn |
9780674333444 9783110353488 9783110353556 9783110442212 9780674333437 |
url |
https://doi.org/10.4159/harvard.9780674333444 https://www.degruyter.com/isbn/9780674333444 https://www.degruyter.com/cover/covers/9780674333444.jpg |
illustrated |
Not Illustrated |
doi_str_mv |
10.4159/harvard.9780674333444 |
oclc_num |
654928167 |
work_keys_str_mv |
AT fairrayc testingmacroeconometricmodels |
status_str |
n |
ids_txt_mv |
(DE-B1597)248358 (OCoLC)654928167 |
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Title is part of eBook package: De Gruyter HUP e-dition: Complete eBook Package Title is part of eBook package: De Gruyter HUP e-dition: Social Science eBook Package Title is part of eBook package: De Gruyter HUP eBook Package Archive 1893-1999 |
is_hierarchy_title |
Testing Macroeconometric Models / |
container_title |
Title is part of eBook package: De Gruyter HUP e-dition: Complete eBook Package |
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