| Description |
x, 296 pages : illustrations ; 24 cm |
| Series |
National Institute of Economic and Social Research ; 41 |
|
National Institute of Economic and Social Research ; 41
|
| Contents |
Machine derived contents note: Introduction S. Holly and M. Weale -- 2. Economic forecasting in the face of structural breaks D. Hendry and M. Clements -- 3. The Treasury's forecasts of GDP and the RPI: how have they changed and what are the uncertainties? C. Melliss and R. Whittaker -- 4. General equilibrium modelling of UK tax policy K. Bhattarai and J. Whalley -- 5. A structural cointegrating VAR approach to macroeconometric modelling A. Garrett, K. Lee, M. H. Pesaran and Y. Shin -- 6. Unemployment, the natural rate and structural change J. V. Greenslade, S. G. Hall, J. Nixon and S. G. B. Henry -- 7. Macroeconomic models at the Bank of England P. Fisher and J. Whitley -- 8. Estimated stabilisation costs of the EMU R. C. Fair |
| Summary |
"This book presents contributions from the leading researchers working in this area. Much of the research described here was sponsored by the Macroeconomic Modelling Consortium funded by the Economic and Social Research Council, HM Treasury and the Bank of England. 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 a wide range of issues. These include how to reconcile observed short-term dynamics with economic theory, how to model tax policy, how the European Monetary Union affects stabilisation policy and why 'bad' forecasters can do well."--BOOK JACKET |
| Notes |
A collection of 12 papers, the majority by scholars at British universities |
| Bibliography |
Includes bibliographical references |
| Notes |
English |
| Subject |
Econometric models.
|
|
Macroeconomics -- Econometric models.
|
| SUBJECT |
United Kingdom -- Economic policy http://id.loc.gov/authorities/subjects/sh85056679 -- Econometric models.
http://id.loc.gov/authorities/subjects/sh99005483
|
| Author |
Holly, Sean.
|
|
Weale, Martin, 1955-
|
|
National Institute of Economic and Social Research.
|
| LC no. |
00024473 |
| ISBN |
0521650690 |
|
