Description: Econometric Modelling Techniques and Applications The latest techniques used in modelling the economy with policy analysis and applications. Sean Holly (Edited by), Martin Weale (Edited by) 9780521650694, Cambridge University Press Hardback, published 14 September 2000 308 pages 23.6 x 15.9 x 2.8 cm, 0.625 kg Macroeconomic modelling has been one of the most important and influential areas of economic research. This book presents contributions from the leading researchers working in this area as part of the ongoing research project sponsored by the Economic and Social Research Council, Bank of England and UK Treasury. The papers combine a description of the latest techniques used in modelling the economy with an account of the way that models can be used for purposes of policy analysis. Designed for use by advanced students and professional economists, the book considers issues including: why 'bad' forecasters, i.e. those with no coherent and properly articulated view of the functioning of the macroeconomy, do so well; reconciling short term dynamics with economic theory; modelling tax policy; and the stabilisation costs of European Monetary Union. List of contributors 1. Introduction Sean Holly and Martin Weale 2. Economic forecasting in the face of structural breaks David F. Hendry and Michael P. Clements 3. The Treasury's forecasts of GDP and the RPI: how have they changed and what are the uncertainties? Chris Melliss and Rod Whittaker 4. General equilibrium modelling of UK tax policy Keshab Bhattarai and John Whalley 5. A structural cointegrating VAR approach to macroeconometric modelling Anthony Garratt, Kevin Lee, M. Hashem Pesaran and Yongcheol Shin 6. Unemployment, the natural rate and structural change Jennifer V. Greenslade, Stephen G. Hall, J. Nixon, S. G. Brian Henry and James Nixon 7. Macroeconomic models at the Bank of England Paul Fisher and John Whitley 8. Estimated stabilisation costs of the EMU Ray C. Fair 9. Optimal monetary policy Andrew P. Blake, Martin Weale and Garry Young 10. How tough should monetary policy be if inflation is forward looking? Campbell B. Leith and Simon Wren-Lewis 11. Technical progress and the natural rate in models of the UK economy Keith B. Church, Peter R. Mitchell, Joanne E. Sault and Kenneth F. Wallis 12. The conduct of monetary policy when the business cycle is non-linear Steven Cook, Sean Holly and Paul Turner. Subject Areas: Econometrics [KCH]
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BIC Subject Area 1: Econometrics [KCH]
Book Title: Econometric Modelling
ISBN: 0521650690
Publication Date: 14/09/2000
Item Depth: 28
Number of Pages: 308 Pages
Publication Name: Econometric Modelling: Techniques and Applications
Language: English
Publisher: Cambridge University Press
Item Height: 229 mm
Subject: Economics
Publication Year: 2000
Type: Textbook
Item Weight: 620 g
Author: Martin Weale, Sean Holly
Item Width: 152 mm
Series: National Institute of Economic and Social Research Economic and Social Studies
Format: Hardcover
