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Econometric Modelling : Techniques and Applications - Sean Holly

Econometric Modelling

Techniques and Applications

By: Sean Holly (Editor), Martin Weale (Editor)

Hardcover Published: 2nd October 2000
ISBN: 9780521650694
Number Of Pages: 308

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Macroeconomic modelling has been one of the most important and influential areas of economic research. This book presents contributions from the leading researchers working in this area as part of the ongoing research project sponsored by the Economic and Social Research Council, Bank of England and UK Treasury. The papers combine a description of the latest techniques used in modelling the economy with an account of the way that models can be used for purposes of policy analysis. Designed for use by advanced students and professional economists, the book considers issues including: why 'bad' forecasters, i.e. those with no coherent and properly articulated view of the functioning of the macroeconomy, do so well; reconciling short term dynamics with economic theory; modelling tax policy; and the stabilisation costs of European Monetary Union.

List of contributors
Introduction
Economic forecasting in the face of structural breaks
The Treasury's forecasts of GDP and the RPI: how have they changed and what are the uncertainties?
General equilibrium modelling of UK tax policy
A structural cointegrating VAR approach to macroeconometric modelling
Unemployment, the natural rate and structural change
Macroeconomic models at the Bank of England
Estimated stabilisation costs of the EMU
Optimal monetary policy
How tough should monetary policy be if inflation is forward looking?
Technical progress and the natural rate in models of the UK economy
The conduct of monetary policy when the business cycle is non-linear
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521650694
ISBN-10: 0521650690
Series: Economic and Social Studies, No. 41
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 308
Published: 2nd October 2000
Publisher: CAMBRIDGE UNIV PR
Country of Publication: GB
Dimensions (cm): 22.86 x 15.88  x 1.91
Weight (kg): 0.64

Earn 452 Qantas Points
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