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Inside a Modern Macroeconometric Model Book

Inside a Modern Macroeconometric Model
Inside a Modern Macroeconometric Model, , Inside a Modern Macroeconometric Model has a rating of 3 stars
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  • Inside a Modern Macroeconometric Model
  • Written by author Alan A. Powell
  • Published by Springer-Verlag New York, LLC, May 2009
  • This book is unique. It gives a clear and systematic account of the economic basis of every equation in a major 100-equation macro model, plus full documentation of parameters and simulation properties. Results are explained in detail with the help of min
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Model-Builder's Preface
Model-Watcher's Preface
Ch. 1How to Use this Book1
Ch. 2Distinguishing Features of MM5
Ch. 3Principal Mechanisms in MM15
Ch. 4Overview of Part Two79
Ch. 5Wage Behaviour93
Ch. 6Labour Force Participation109
Ch. 7Private Consumption Behaviour117
Ch. 8Behaviour of the Rental Price of Housing123
Ch. 9Production of Housing Rental Services and Investment in Dwellings135
Ch. 10The Enterprise Production Block of the Business Sector149
Ch. 11Business Fixed Investment175
Ch. 12Business Sector Employment185
Ch. 13Import Supply and Demand189
Ch. 14Aggregate Export Supply197
Ch. 15Disaggregation of Export Supply199
Ch. 16Overseas Demand for 'Commodity' Exports203
Ch. 17Inventory Investment in 'Commodity' Exports207
Ch. 18Demand for Non-'Commodity' Exports213
Ch. 19Domestic Good Inventory Investment215
Ch. 20Price Dynamics for the Domestic Good219
Ch. 21Sales of the Domestic Good; Miscellaneous Identities for Investment and Capital223
Ch. 22The Government Sector227
Ch. 23Financial Markets241
Ch. 24National-Accounting, Stock-Flow and Miscellaneous Identities259
Ch. 25Introduction to the Simulations303
Ch. 26Monetary Shocks307
Ch. 27A Fiscal Shock351
References403
Author and Personal Names Index407
Subject Index409
Tables417
Figures420
Exercises423


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