Inside a Modern Macroeconometric Model
Produktnummer:
180bca990bcfb64dd0bf5eca9c7c67d6db
Autor: | Murphy, Christopher W. Powell, Alan A. |
---|---|
Themengebiete: | Simulation econometrics economics employment financial markets forecasting linear optimization production simulations |
Veröffentlichungsdatum: | 12.10.2012 |
EAN: | 9783642638367 |
Auflage: | 2 |
Sprache: | Englisch |
Seitenzahl: | 455 |
Produktart: | Kartoniert / Broschiert |
Verlag: | Springer Berlin |
Untertitel: | A Guide to the Murphy Model |
Produktinformationen "Inside a Modern Macroeconometric Model"
As Ken Wallis (1993) has pOinted out, all macroeconomic forecasters and policy analysts use economic models. That is, they have a way of going from assumptions about macroeconomic policy and the international environment, to a prediction of the likely future state of the economy. Some people do this in their heads. Increasingly though, forecasting and policy analysis is based on a formal, explicit model, represented by a set of mathematical equations and solved by computer. This provides a framework for handling, in a consistent and systematic manner, the ever-increasing amounts of relevant information. Macroeconometric modelling though, is an inexact science. A manageable model must focus only on the major driving forces in a complex economy made up of millions of households and fIrms. International economic agencies such as the IMF and OECD, and most treasuries and central banks in western countries, use macroeconometric models in their forecasting and policy analysis. Models are also used for teaching and research in universities, as well as for commercial forecasting in the private sector.

Sie möchten lieber vor Ort einkaufen?
Sie haben Fragen zu diesem oder anderen Produkten oder möchten einfach gerne analog im Laden stöbern? Wir sind gerne für Sie da und beraten Sie auch telefonisch.
Juristische Fachbuchhandlung
Georg Blendl
Parcellistraße 5 (Maxburg)
8033 München
Montag - Freitag: 8:15 -18 Uhr
Samstags geschlossen