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Macroeconomic Modeling The Cowles Commission Ray C Fair

Name: Macroeconomic Modeling The Cowles Commission Ray C Fair
SKU: BELL-231372568
Price: 31.00 USD
Availability: InStock
Rating: 4.1 (90 reviews)

SKU: BELL-231372568

$ 31.00 ~~$ 45.00~~ (-31%)

4.1

90 reviews

Macroeconomic Modeling The Cowles Commission Ray C Fair instant download after payment.

Publisher: x

File Extension: PDF

File size: 1.61 MB

Pages: 287

Author: Ray C. Fair

ISBN: 9780262380904, 0262380900, N9780262549844

Language: English

Year: 2024

Product desciption

Macroeconomic Modeling The Cowles Commission Ray C Fair by Ray C. Fair 9780262380904, 0262380900, N9780262549844 instant download after payment.

Macroeconomic Modeling presents an empirically-based approach to the construction of macroeconomic models—the Cowles Commission approach—as a response to the backlash that has taken place since the late 1970s to this methodology. The emphasis in the literature has been on tightly specified theoretical models, which lack realism. In this book, Ray Fair develops models to analyze a variety of issues and events in macroeconomics and the U.S economy, and he explains the econometric techniques needed to estimate those models. Many of the results are either contrary to results from the theoretical models or cannot be examined by the theoretical models because they omit many important features of the economy.

Fair covers a broad range of topics, including inflation and unemployment; the size of wealth effects; the behavior of the Federal Reserve and its effects on the economy; the effects of fiscal policy; Okun’s law; and contractions and expansions. Macroeconomic Modeling will appeal equally to graduate students and researchers as well as macroeconomic policy makers.