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The econometrics of macroeconomic modelling /
Macroeconometric models, in many ways the flagships of the economist's profession in the 1960s, came under increasing attack from both theoretical economist and practitioners in the late 1970s. Critics referred to their lack of microeconomic theoretical foundations, ad hoc models of expectation...
| Clasificación: | Libro Electrónico |
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| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Oxford ; New York :
Oxford University Press,
2005.
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| Colección: | Advanced texts in econometrics.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Macroeconometric models, in many ways the flagships of the economist's profession in the 1960s, came under increasing attack from both theoretical economist and practitioners in the late 1970s. Critics referred to their lack of microeconomic theoretical foundations, ad hoc models of expectations, lack of identification, neglect of dynamics and non-stationarity, and poor forecasting properties. By the start of the 1990s, the status of macroeconometric models had declined markedly, . and had fallen completely out of, and with, academic economics. Nevertheless, unlike the dinosaurs to which they o. |
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| Descripción Física: | 1 online resource (xxii, 338 pages) : illustrations. |
| Bibliografía: | Includes bibliographical references (pages 303-325) and indexes. |
| ISBN: | 9780191529870 0191529877 9780199246502 0199246505 9780199246496 0199246491 9786610904723 6610904723 |