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by Kenneth F. Select Format: Paperback.
Through comparative analysis of the various models of the . Macroeconomic Modelling Bureau. Country of Publication.
FK (Freia–Kompas) is the most balanced of the three models. It has equally important real and monetary sectors. It combines a short term and a medium term approach. MM (MORKMON) is more adequate for short term analysis and has been setting the standards in the monetary sector modeling of the Dutch economy. SM (Sectoral Model) provides sectoral disaggregation and determination which the other models ignore.
A macroeconomic model of aggregate supply and demand for the UK. Economic Modelling, 3, 242–268. Comparative properties of models of the UK economy. CrossRefGoogle Scholar. Cripps, T. & Godley, W. A. H. (1976). Bodkin, R. Klein, L. & Marwah, K. (1991). A formal analysis of the Cambridge economic policy group model. Economica, 43, 335–348. Darby, . Ireland, . Leith, . & Wren-Lewis, S. (1999). COMPACT: a rational expectations, intertemporal model of the United Kingdom economy. Economic Modelling, 16, 1–52.
Oxford: Oxford University Press, 1986. Oxford: Oxford University Press, 1987. Rational Expectations in Macroeconomic Models. Dordrecht: Kluwer Academic Publishers, 1992. Macroeconomic Policy Coordination in Europe.
Comparative analysis of macroeconometric models took a significant step forward in 1983 with the establishment of the ESRC Macroeconomic Modelling Bureau.
Format Hardback 456 pages. Contents: Introduction Part I: Time-series Econometrics Part II: Modelling Seasonality Part III: Forecasting in Theory and Practice Part IV: Macroeconometric Modelling show more.
A macroeconomic model is an analytical tool designed to describe the operation of the problems of economy of a country or a region. These models are usually designed to examine the comparative statics and dynamics of aggregate quantities such as the. These models are usually designed to examine the comparative statics and dynamics of aggregate quantities such as the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the level of prices.
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