Economic Modelling: Current Issues and Problems in Macroeconomic Modelling in the UK and the USPaul Ormerod |
Contents
The Present State of the Art by Alan Budd | 1 |
Some Issues in Economic Modelling at the Bank | 25 |
Cambridge Economic Policy Group Methodology | 40 |
Copyright | |
12 other sections not shown
Common terms and phrases
approach assets assumptions balance of payments Bank of England behaviour capital flows cent CEPG changes coefficients competitiveness consumption costs countries current account demand for money determined devaluation developed discussed dynamic econometric models econometricians effects endogenous equation error estimated ex ante ex ante forecasts example exchange rate exogenous variables expenditure export price fiscal fixed exchange rate floating exchange rate function important income increase inflation interest rates investment Keynesian Klein London Business School long-run macroeconomic manufactures model building monetarist money supply multiplier National Institute model NIESR optimal control output paper parameters predictions problems properties public sector quarter reasons relationships relative residual seasonally adjusted short-term simulation small model specification statistical sterling M3 stochastic structure targets theory time-series models trade Treasury trend UK models unemployment values visible balance wage Wharton