Techniques and Applications
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Econometric Modelling by Sean Holly
Book DescriptionMacroeconomic modelling has been one of the most important and influential areas of economic research. This book presents contributions from the leading researchers working in this area as part of the ongoing research project sponsored by the Economic and Social Research Council, Bank of England and UK Treasury. The papers combine a description of the latest techniques used in modelling the economy with an account of the way that models can be used for purposes of policy analysis. Designed for use by advanced students and professional economists, the book considers issues including: why 'bad' forecasters, i.e. those with no coherent and properly articulated view of the functioning of the macroeconomy, do so well; reconciling short term dynamics with economic theory; modelling tax policy; and the stabilisation costs of European Monetary Union.
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Book DetailsISBN: 9780521650694
(228mm x 152mm x 21mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 14-Sep-2000
Country of Publication: United Kingdom
Books By Author Sean Holly
Interest Rates, Prices and Liquidity, Paperback (January 2015)
One of the first book-length examinations of monetary policy instruments used in response to the recent financial crisis.
Optimal Control, Expectations and Uncertainty, Paperback (January 2010)» View all books by Sean Holly
An examination of how the rational expectations revolution and game theory have enhanced the understanding of how an economy functions.
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