Download An Econometric Model of the US Economy Free Ebooks in PDF format. Download free ebook of An Econometric Model of the US Economy soft copy pdf or read online by"John J. Heim"Published on 2017-12-06 by Springer
This book explores the US economy from 1960 to 2010 using a more Keynsian, Cowles model approach, which the author argues has substantial advantages over the vector autoregression (VAR) and dynamic stochastic general equilibrium (DSGE) models used almost exclusively today. Heim presents a robust argument in favor of the Cowles model as an answer to the pressing, unresolved methodological question of how to accurately model the macroeconomy so that policymakers can reliably use these models to assist their decision making. Thirty-eight behavioral equations, describing determinants of variables such as consumption, taxes, and government spending, are connected by eighteen identities to construct a comprehensive model of the real US economy that Heim then tests across four different time periods to ensure that results are consistent. This comprehensive demonstration of the value of a long-ignored model provides overwhelming evidence that the more Keynesian (Cowles) structural models outperform VAR and DSGE, and therefore should be the models of choice in future macroeconomic studies.
This Book was ranked at 25 by Google Books for keyword Economics Econometrics prime books.
Book ID of An Econometric Model of the US Economy's Books is KABCDwAAQBAJ, Book which was written by"John J. Heim"have ETAG "ttJsR127pt0"
Book which was published by Springer since 2017-12-06 have ISBNs, ISBN 13 Code is 9783319506814 and ISBN 10 Code is 3319506811
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Book which have "460 Pages" is Printed at BOOK under Category"Business & Economics"
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Download An Econometric Model of the US Economy PDF Free
Download An Econometric Model of the US Economy Books Free
Download An Econometric Model of the US Economy Free
Download An Econometric Model of the US Economy PDF
Download An Econometric Model of the US Economy Books
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