Books.org participates in affiliate programs including Bookshop.org and the Amazon Services LLC Associates Program. We may earn a commission from qualifying purchases made through links on this page, at no additional cost to you.
Overview
This book describes how and why the discipline of macroeconometric modelling continues to play a role for economic policymaking by adapting to changing demands, in response, for instance, to new policy regimes like inflation targeting. Model builders have adopted new insights from economic theory and taken advantage of the methodological and conceptual advances within time series econometrics over the last twenty years.
About the Series
Advanced Texts in Econometrics is a distinguished and rapidly expanding series in which leading econometricians assess recent developments in such areas as stochastic probability, panel and time series data analysis, modeling, and cointegration. In both hardback and affordable paperback, each volume explains the nature and applicability of a topic in greater depth than possible in introductory textbooks or single journal articles. Each definitive work is formatted to be as accessible and convenient for those who are not familiar with the detailed primary literature.
Synopsis
Four Norwegian academics and researchers examine how and why the discipline of macroeconometric modeling continues to play a role for economic policymaking by adapting to changing demands, as model builders have adopted new insights from economic theory and taken advantage of the methodological and conceptual advances within time series econometrics over the last 20 years. The authors interpret and evaluate the last 40 years of international research to explain inflation in a small open economy. A dynamic incomplete competition model is evaluated and built into a small econometric model to analyze the transmission mechanism, to evaluate monetary policy rules, and to explore the main sources of forecast failure. For graduate students and researchers in econometrics and advanced macroeconomics, and practitioners in governmental agencies and in central banks. Annotation ©2006 Book News, Inc., Portland, OR