Estimating How The Macroeconomy Works

Download Estimating How The Macroeconomy Works full books in PDF, epub, and Kindle. Read online free Estimating How The Macroeconomy Works ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Estimating How the Macroeconomy Works

Estimating How the Macroeconomy Works
Author :
Publisher : Harvard University Press
Total Pages : 314
Release :
ISBN-10 : 9780674036635
ISBN-13 : 0674036638
Rating : 4/5 (638 Downloads)

Book Synopsis Estimating How the Macroeconomy Works by : Ray C. FAIR

Download or read book Estimating How the Macroeconomy Works written by Ray C. FAIR and published by Harvard University Press. This book was released on 2009-06-30 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomics tries to describe and explain the economywide movement of prices, output, and unemployment. The field has been sharply divided among various schools, including Keynesian, monetarist, new classical, and others. It has also been split between theorists and empiricists. Ray Fair is a resolute empiricist, developing and refining methods for testing theories and models. The field cannot advance without the discipline of testing how well the models approximate the data. Using a multicountry econometric model, he examines several important questions, including what causes inflation, how monetary authorities behave and what are their stabilization limits, how large is the wealth effect on aggregate consumption, whether European monetary policy has been too restrictive, and how large are the stabilization costs to Europe of adopting the euro. He finds, among other things, little evidence for the rational expectations hypothesis and for the so-called non-accelerating inflation rate of unemployment (NAIRU) hypothesis. He also shows that the U.S. economy in the last half of the 1990s was not a new age economy.


Estimating How the Macroeconomy Works Related Books

Estimating How the Macroeconomy Works
Language: en
Pages: 314
Authors: Ray C. FAIR
Categories: Business & Economics
Type: BOOK - Published: 2009-06-30 - Publisher: Harvard University Press

DOWNLOAD EBOOK

Macroeconomics tries to describe and explain the economywide movement of prices, output, and unemployment. The field has been sharply divided among various scho
Specification, Estimation, and Analysis of Macroeconometric Models
Language: en
Pages: 504
Authors: Ray C. Fair
Categories: Business & Economics
Type: BOOK - Published: 1984 - Publisher: Harvard University Press

DOWNLOAD EBOOK

This book gives a practical, applications-oriented account of the latest techniques for estimating and analyzing large, nonlinear macroeconomic models. Ray Fair
Big Data for Twenty-First-Century Economic Statistics
Language: en
Pages: 502
Authors: Katharine G. Abraham
Categories: Business & Economics
Type: BOOK - Published: 2022-03-11 - Publisher: University of Chicago Press

DOWNLOAD EBOOK

Introduction.Big data for twenty-first-century economic statistics: the future is now /Katharine G. Abraham, Ron S. Jarmin, Brian C. Moyer, and Matthew D. Shapi
Advanced Macroeconomics
Language: en
Pages: 420
Authors: Filipe R. Campante
Categories: Business & Economics
Type: BOOK - Published: 2021-10-11 - Publisher: LSE Press

DOWNLOAD EBOOK

Macroeconomic policy is one of the most important policy domains, and the tools of macroeconomics are among the most valuable for policy makers. Yet there has b
Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis
Language: en
Pages: 59
Authors: Matthew E. Kahn
Categories: Business & Economics
Type: BOOK - Published: 2019-10-11 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model where labor productivity is affected by c