Comparative Performance of U.S. Econometric Models

Comparative Performance of U.S. Econometric Models
Автор
 
Год
 
Страниц
 
230
ISBN
 
0195057724
Издатель
 
Institute of Latin American Studies
Категория
 
Разное

Содержание:

Россия в войне 1941-1945

Описание:

This volume compares strategic properties of the leading macroeconometric models of the United States. It summarizes the work of an ongoing seminar supported by the National Science Foundation and chaired by Lawrence R. Klein of the University of Pennsylvania. The Seminar meets three times annually. Comparisons are made across models for such characteristics as conventional multipliers (fiscal, monetary, and supply side shocks), J-curve response to dollar depreciation, and forecast performance under consistent assumptions. There are in-depth comparisons of some models and investigation of use of high frequency information to improve forecasts. There are also analyses of the sources of forecast error. The core structures of models, especially their ISLM cores, are compared. The volume contains one chapter on comparison across models of different developing countries. In addition to the contributions by participating model builders who meet regularly, the book contains critical...

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