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Book Cover
E-book

Title The econometrics of macroeconomic modelling / Gunnar Bårdsen [and others]
Published Oxford ; New York : Oxford University Press, 2005

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Description 1 online resource (xxii, 338 pages) : illustrations
Series Advanced texts in econometrics
Advanced texts in econometrics.
Contents Contents; List of Figures; List of Tables; List of Abbreviations; 1 Introduction; 2 Methodological issues of large-scale macromodels; 3 Inflation in open economies: the main-course model; 4 The Phillips curve; 5 Wage bargaining and price-setting; 6 Wage-price dynamics; 7 The New Keynesian Phillips curve; 8 Money and inflation; 9 Transmission channels and model properties; 10 Evaluation of monetary policy rules; 11 Forecasting using econometric models; Appendix; Bibliography; Author Index; Subject Index
Summary Macroeconometric models, in many ways the flagships of the economist's profession in the 1960s, came under increasing attack from both theoretical economist and practitioners in the late 1970s. Critics referred to their lack of microeconomic theoretical foundations, ad hoc models of expectations, lack of identification, neglect of dynamics and non-stationarity, and poor forecasting properties. By the start of the 1990s, the status of macroeconometric models had declined markedly, . and had fallen completely out of, and with, academic economics. Nevertheless, unlike the dinosaurs to which they o
Bibliography Includes bibliographical references (pages 303-325) and indexes
Notes Print version record
Subject Macroconomics -- Mathematical models
Econometrics.
POLITICAL SCIENCE -- Economic Conditions.
BUSINESS & ECONOMICS -- Economics -- Macroeconomics.
Econometrics
Econometrische analyse.
Macro-economie.
Wiskundige modellen.
Business & Economics.
Economic Theory.
Modèle macroéconomique.
Économétrie.
Form Electronic book
Author Bårdsen, Gunnar
LC no. 2005299990
ISBN 9780191529870
0191529877
9780199246502
0199246505
9780199246496
0199246491
9786610904723
6610904723
Other Titles Econometrics of macroeconomic modeling