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Macroeconomic modelling

Author: S G Hall; Samuel G B Henry
Publisher: Amsterdam ; New York : North-Holland, 1989.
Series: Contributions to economic analysis, 172.
Edition/Format:   Print book : English : [2nd impr.]View all editions and formats

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Document Type: Book
All Authors / Contributors: S G Hall; Samuel G B Henry
ISBN: 0444704299 9780444704290
OCLC Number: 715954822
Description: XV, 415 p. : ill. ; 24 cm.
Contents: Dynamic Modelling and Rational Expectations. General Analysis of Dynamic Models. Estimation Methods. Empirical Results. Dynamic Modelling and Cointegration. Stationarity. The Background to Cointegration Theory. Integrated Variables and Cointegration. Estimating the Cointegrating Vector. Testing for Cointegration. Disequilibrium Models. Disequilibrium Models. Estimation Methods. The Specification and Estimation of a Disequilibrium Model of the Labour Market. Macro Models. The Key Equations in the Macro Model. Conclusions. Model Solutions, Dynamic Tracking and Mechanical Forecasts. Solving Large Non-Linear Models. Solving Non-Linear Models with Consistent and Rational Expectations. Stochastic Analysis in Non-Linear Models. A General Background. An Application of Stochastic Simulation. Testing if a Non-Linear Model is Bijective. Estimating the Uncertainty of a Model's Simulation Properties. Optimal Control and Dynamic Analysis of Macro Economic Models. Linear Theory of Optimal Control: An Overview of the Finite Case. Optimal Control Solutions Using Non-Linear Models. Optimal Control Exercises Using Complete Macro Models. The Issue of Time Inconsistency in Macro Policy. Game Theory: Some Basic Concepts. The Initial Analysis of Time Inconsistency. The Linear Structurally Dynamic Case. Time Inconsistency in a Large Scale Non-Linear Model. Conclusions. References. Appendix.
Series Title: Contributions to economic analysis, 172.
Responsibility: S.G. Hall, S.G.B. Henry.


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