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Author: Lawrence Robert Klein
Publisher: Oxford University Press, USA
ISBN: 0195057724
Category : Business & Economics
Languages : en
Pages : 338
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Book Description
Each year, a number of different economic groups in the USA use their own econometric models to forecast what will happen to the economy in the coming year. This volume consists of chapters by distinguished economists comparing the different models now being used.
Author: Lawrence Robert Klein
Publisher: Oxford University Press, USA
ISBN: 0195057724
Category : Business & Economics
Languages : en
Pages : 338
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Book Description
Each year, a number of different economic groups in the USA use their own econometric models to forecast what will happen to the economy in the coming year. This volume consists of chapters by distinguished economists comparing the different models now being used.
Author: Lawrence R Klein
Publisher: World Scientific
ISBN: 981323055X
Category : Business & Economics
Languages : en
Pages : 269
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Book Description
This book presents Professor Lawrence R Klein and his group's last quarterly econometric model of the United States economy that they had produced at the University of Pennsylvania. This is the last econometric model that Lawrence Klein and his disciples have left after some 50 years of cumulated efforts of constructing the US economy model up to around 2000. It was widely known as the WEFA Econometric Model Mark 10, and is the culmination of Professor Klein's research which spans more than 70 years, and would please not only Professor Klein's old students and colleagues, but also younger students who have heard so much of Klein models but have yet to see the latest model in its complete and printed form.
Author: Jan Kmenta
Publisher: Academic Press
ISBN: 1483267342
Category : Business & Economics
Languages : en
Pages : 425
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Book Description
Evaluation of Econometric Models presents approaches to assessing and enhancing the progress of applied economic research. This book discusses the problems and issues in evaluating econometric models, use of exploratory methods in economic analysis, and model construction and evaluation when theoretical knowledge is scarce. The data analysis by partial least squares, prediction analysis of economic models, and aggregation and disaggregation of nonlinear equations are also elaborated. This text likewise covers the comparison of econometric models by optimal control techniques, role of time series analysis in econometric model evaluation, and hypothesis testing in spectral regression. Other topics include the relevance of laboratory experiments to testing resource allocation theory and token economy and animal models for the experimental analysis of economic behavior. This publication is intended for students and researchers interested in evaluating econometric models.
Author: Kanta Marwah
Publisher: World Scientific
ISBN: 9814499234
Category : Business & Economics
Languages : en
Pages : 706
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Book Description
This volume contains selected papers of Lawrence R Klein in economics, econometric theory and applications in modeling, forecasting, macroeconomic analysis, international economics and public policy. Nobel Laureate Lawrence Klein's bibliography spans a half-century, including books, articles, and chapters in conference proceedings, festschriften, and thematic books. One such volume of solely scientific collections, mainly from his relatively early articles, has already been published. The present volume is different, it includes some articles, but largely chapters, or book excerpts that were mostly written since 1980, the approximate cut-off date of the prior volume, and the year of his Nobel Prize. Also, it includes things that were published in very limited or obscure editions. Thus it provides a more complete picture of his scholarly career and his current reflections on the state of economic science. All these writings are in the vanguard of thinking about economics in a global domain.The thirty-five-plus selections are organized in five parts, by major themes. An editorial commentary introduces each part. The introductory chapters include Klein's autobiographical research commentary, and his professional life philosophy.
Author: Allan Lichtman
Publisher: Rowman & Littlefield Publishers
ISBN: 1461644577
Category : Political Science
Languages : en
Pages : 219
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Book Description
With The Keys to the White House: A Surefire Guide to Predicting the Next President, average citizens are giving the pollsters and pundits a run for their money. In this book, prominent political analyst and historian Allan J. Lichtman presents thirteen historical factors, or "keys" (four political, seven performance, and two personality), that determine the outcome of presidential elections. In the chronological, successful application of these keys to every election since 1860—including the 2000 election where Al Gore was predicted to and did indeed win the popular vote, and the 2004 contest for Bush's reelection—Lichtman dispels much of the mystery behind electoral politics and challenges many traditional assumptions. Scholars of the electoral process, their students, and general readers who want to get a head-start on calling Decision 2008 should not miss this book.
Author: The late Lawrence R. Klein
Publisher: Edward Elgar Publishing
ISBN: 9781781950500
Category : Business & Economics
Languages : en
Pages : 434
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Book Description
There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the contributors elaborate on the main issues of economic analysis and policies that concerned him.
Author: Rod Cross
Publisher: Cambridge University Press
ISBN: 9780521483308
Category : Business & Economics
Languages : en
Pages : 404
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Book Description
For 25 years, theory about the causes of, and possible solutions to, the problem of unemployment has been dominated by Phelps' and Friedman's natural rate of unemployment hypothesis. This postulates that the equilibrium rate of unemployment consistent with steady inflation is determined by structural variables: sustainable reductions in unemployment can be achieved only by measures to change underlying microeconomic structures, such as benefit and pay bargaining systems. Belief in the hypothesis has faltered since the 1980s, the hypothesis being unable to explain the dramatic upward shifts in European unemployment rates. These essays reflect upon the fundamental structures underlying the hypothesis, assess the related evidence, and look forwards, suggesting possible modifications. In contrast to the single rate postulated by the natural rate hypothesis, several of the contributors propose that there are ranges of unemployment rates consistent with steady inflation.
Author: Lawrence R. Klein
Publisher: University of Pennsylvania Press
ISBN: 1512803561
Category : Business & Economics
Languages : en
Pages : 416
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Book Description
Models of the American economy exist in government, research institutes, universities, and private corporations. Given the proliferation, it is wise to take stock because these models come from diverse sources and describe different conditions from alternative points of view. They could be saying different things about the economy. The high-level comparative studies in this volume, gathered from several issues of the International Economic Review, with a substantive introduction and the addition of more comparative material, evaluate the performance of eleven models of the American economy: the Wharton Mark Ill Model; Brookings Model; Hickman-Coen Annual Model; Liu-Hwa Monthly Model; Data Resources, Inc. (DRI) Model; Federal Reserve Bank of St. Louis Model; Michigan Quarterly Econometric (MOEM) Model; Wharton Annual and Industry Model; Anticipation Version of the Wharton Mark Ill Model/Fair Model; U.S. Department of Commerce (BEA) Model. Each of the proprietors or builders of these models describes his own system in his own words. These studies come closer than ever before to standardizing model operations for testing purposes. Some of the models are monthly, while others are annual. but the quarterly unit of time is the most frequent. Some are demand oriented, others are supply oriented, and focus on the input-output sectors of the economy. Some use only observed. objective data; others use subjective. anticipatory data. Both large and small models are included. In spite of the diversity, the contributors have cooperated to trace the differences between their models to root causes and to report jointly the results of their research. There are also some general papers that look at model performance from outside the CEME group.
Author: Dr. Seshanwita Das
Publisher: Academic Guru Publishing House
ISBN: 9395468793
Category : Study Aids
Languages : en
Pages : 216
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Book Description
The field of macroeconomics is one of the most interesting and fiercely disputed in all of economics. The business cycle, inflation, and unemployment are only some of the macroeconomic issues discussed. These are some of economics’ most fundamental problems. The social, political, and economic consequences of governments’ attempts to solve them via economic policy are substantial. Thus, macroeconomic disputes are contentious, sometimes veering into extremely political and technical territory. This book presents both Keynesian & neoclassical versions of simple macroeconomic models, reflecting the contested nature of the field. This accomplishes two goals: it introduces the long-standing divide in macroeconomics, and it facilitates an educated debate of the differences between market clearing (neoclassical) and Keynesian models. This book demonstrates how different models can help clarify critical macroeconomic concerns. The standard view of neoclassical economists is that the macroeconomy would automatically and smoothly reach a state of full employment if market forces are allowed to function freely. This book’s major goal is to use simple graphs, rather than advanced mathematics, to demonstrate that rival theories are rational constructions with distinct underlying premises. secondary goal is to present Indian instances and explain the thought processes behind fundamental ideas.
Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 288
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Book Description
