Econometric Model Performance : : Comparative Simulation Studies of the U.S. Economy / / ed. by Lawrence R. Klein, Edwin Burmeister.

• Superior document: Title is part of eBook package: De Gruyter University of Pennsylvania Press Package Archive 1898-1999
• MitwirkendeR: Adams, F. Gerard,; Andersen, Leonall C.,; Ando, Albert K.,; Burmeister, Edwin,; Carlson, Keith M.,; Christ, Carl F.,; Coen, Robert M.,; Duggal, Vijaya G.,; Eckstein, Otto,; Fair, Ray C.,; Fromm, Gary,; Green, Edward W.,; Grimm, Bruce T.,; Hickman, Bert G.,; Hirsch, Albert A.,; Howrey, E. Philip,; Hurd, Michael D.,; Hwa, Erh-Cheng,; Hymans, Saul H.,; Klein, Lawrence R.,; Liu, Ta-Chung,; Mardfin, Ward,; McCarthy, Michael D.,; Modigliani, Franco,; Narasimham, Gorti V. L.,; Paitoonpong, Srawooth,; Preston, R. S.,; Rasche, Robert,; Sargan, J.D.,; Schink, George R.,; Shapiro, Harold T.,; Sinai, Alien,; Suits, Daniel B.,; Turnovsky, Stephen J.,; Yu, Teh-Pei,
• HerausgeberIn: Burmeister, Edwin,; Klein, Lawrence R.,
• Place / Publishing House: Philadelphia : : University of Pennsylvania Press, , [2016]; ©1977
• Year of Publication: 2016
• Edition: Reprint 2016
• Language: English
• Series: Anniversary Collection
• Physical Description: 1 online resource (408 p.)

Nobel prize-winning economist Lawrence Klein with Edwin Burmeister here give us choice essays on the comparative performance of eleven different models of the American economy.

Table of Contents

Frontmatter -- Contents -- Introduction -- 1. Anticipations Variables in an Econometric Model: Performance of the Anticipations Version of Wharton Mark III -- 2. An Evaluation of a Short-Run Forecasting Model -- 3. St. Louis Model Revisited -- 4. A Monthly Econometric Model of the U.S. Economy -- 5. Notes on Testing the Predictive Performance of Econometric Models -- 6. On the Role of Expectations of Price and Technological Change in an Investment Function -- 7. Some Aspects of Stabilization Policies, the Monetarist Controversy, and the MPS Model -- 8. The Wharton Model Mark III: A Modern IS-LM Construct -- 9. The Data Resources Model: Uses, Structure and Analysis of the U.S. Economy -- 10. Some Multiplier and Error Characteristics of the BE A Quarterly Model -- 11. The Structure and Properties of the Michigan Quarterly Econometric Model of the U.S. Economy -- 12. The Wharton Long Term Model: Input-Output Within the Context of a Macro Forecasting Model -- 13. The Hickman-Coen Annual Growth Model: Structural Characteristics and Policy Responses -- 14. The Brookings Quarterly Model: As an Aid to Longer Term Economic Policy Analysis -- 15. Judging the Performance of Econometric Models of the U.S. Economy -- 16. Asymptotic Theory and Large Models -- 17. Birth Control in an Econometric Simulation -- 18. The NBER/NSF Model Comparison Seminar: An Analysis of Results