Introduction -- Macroeconometric modelling : alternative approaches -- National and global structural macroeconometirc modelling -- An economic theory of the long run -- An economic theory of the short run -- Econometric methods : a review -- Probability forecasting : concepts and analysis --The UK macroeconomy -- A long-run structural model of the UK -- Impulse response and trend/cycle properties of the UK model -- Probability event forecasting with the UK model -- Global modelling and other applications -- Concluding remarks
Summary
Providing a description of the state of modelling in global and national economies, this title introduces an approach to modelling that can readily be adopted for use in understanding how economies work and in generating forecasts for decision-makers and policy-makers alike
Bibliography
Includes bibliographical references (pages 343-361) and index
