Coverart for item
The Resource An Econometric Model of the US Economy : Structural Analysis in 56 Equations, (electronic resource:)

An Econometric Model of the US Economy : Structural Analysis in 56 Equations, (electronic resource:)

Label
An Econometric Model of the US Economy : Structural Analysis in 56 Equations
Title
An Econometric Model of the US Economy
Title remainder
Structural Analysis in 56 Equations
Creator
Author
Subject
Language
eng
Summary
Annotation
Cataloging source
BIP US
http://library.link/vocab/creatorName
Heim, John J
Illustrations
illustrations
Nature of contents
dictionaries
Summary expansion
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
Label
An Econometric Model of the US Economy : Structural Analysis in 56 Equations, (electronic resource:)
Instantiates
Publication
Control code
ssib030246378
Dimensions
unknown
Extent
1 online resource (xxx, 460 p.)
Form of item
online
Governing access note
Access restricted to subscribing institutions
Isbn
9783319506807
Other control number
9783319506807
Other physical details
ill
http://library.link/vocab/ext/overdrive/overdriveId
9783319506807
Specific material designation
remote
System control number
(WaSeSS)ssib030246378
Label
An Econometric Model of the US Economy : Structural Analysis in 56 Equations, (electronic resource:)
Publication
Control code
ssib030246378
Dimensions
unknown
Extent
1 online resource (xxx, 460 p.)
Form of item
online
Governing access note
Access restricted to subscribing institutions
Isbn
9783319506807
Other control number
9783319506807
Other physical details
ill
http://library.link/vocab/ext/overdrive/overdriveId
9783319506807
Specific material designation
remote
System control number
(WaSeSS)ssib030246378

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