Evaluating Policy Regimes: New Research in Empirical Macroeconomics Book

1	Evaluating Policy Regimes and Analytical Models: Background and Project Summary	3
2	An Assessment of Some Basic Monetary-Policy Regime Pairs: Analytical and Simulation Results from Simple Multiregion Macroeconomic Models	45
3	Design and Implementation of the Empirical Simulations	219
4	Deterministic Simulations with Simple Policy Regimes	261
5	Stochastic Simulations with Simple Policy Regimes	373
6	Invited Contributors: Selected Comments and Reflections	416
7	Evaluating Policy Regimes under Imperfect Credibility	461
8	The Importance of Federal Reserve Credibility: Evidence from the TAYLOR Model	475
9	Stochastic Behavior of the World Economy under Alternative Policy Regimes	494
10	Stochastic Simulations of Alternative Monetary Regimes Using the McKibbin-Sachs Global (MSG2) Model	519
11	Policy Analysis and Model Reduction Techniques with the Global Economic Model	535
12	Simulating the OECD INTERLINK Model under Alternative Monetary-Policy Regimes	561
13	The European Monetary System: Achievements and Survival	617
14	Evaluating Forecasts of the U.S. Trade Balance	671
15	Modeling and Policy Use of Auction Price Expectations	733
16	Using External Sustainability to Forecast the Dollar	769
	Annex A. Reference Tables for Deterministic Simulations	793
	Annex B. Reference Tables for Stochastic Simulations	927
	Contributors	979
	Index	981