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Author: G. B. Henry
Publisher: Springer Science & Business Media
ISBN: 9400904193
Category : Science
Languages : en
Pages : 277
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Book Description
J. S. FLEMMING The Bank of England's role as a leading central bank involves both formal and informal aspects. At a formal level it is an adviser to HM Government, whilst at an informal level it is consulted by domestic and overseas institutions for advice on many areas of economic interest. Such advice must be grounded in an understanding of the workings of the domestic and international economy-a task which becomes ever more difficult with the pace of change both in the economy and in the techniques which are used by professional economists to analyse such changes. The Bank's economists are encouraged to publish their research whenever circumstances permit, whether in refereed journals or in other ways. In particular, we make it a rule that the research underlying the Bank's macroeconometric model, to which outside researchers have access through the ESRC (Economic and Social Research Council) macromodelling bureau, should be adequately explained and documented in published form. This volume expands the commitment to make research which is undertaken within the Economics Division of the Bank of England widely available. Included here are chapters which illustrate the breadth of interests which the Bank seeks to cover. Some of the research is, as would be expected, directly related to the specification of the Bank's model, but other aspects are also well represented.
Author: G. B. Henry
Publisher: Springer Science & Business Media
ISBN: 9400904193
Category : Science
Languages : en
Pages : 277
Get Book Here
Book Description
J. S. FLEMMING The Bank of England's role as a leading central bank involves both formal and informal aspects. At a formal level it is an adviser to HM Government, whilst at an informal level it is consulted by domestic and overseas institutions for advice on many areas of economic interest. Such advice must be grounded in an understanding of the workings of the domestic and international economy-a task which becomes ever more difficult with the pace of change both in the economy and in the techniques which are used by professional economists to analyse such changes. The Bank's economists are encouraged to publish their research whenever circumstances permit, whether in refereed journals or in other ways. In particular, we make it a rule that the research underlying the Bank's macroeconometric model, to which outside researchers have access through the ESRC (Economic and Social Research Council) macromodelling bureau, should be adequately explained and documented in published form. This volume expands the commitment to make research which is undertaken within the Economics Division of the Bank of England widely available. Included here are chapters which illustrate the breadth of interests which the Bank seeks to cover. Some of the research is, as would be expected, directly related to the specification of the Bank's model, but other aspects are also well represented.
Author: Bank of England
Publisher:
ISBN: 9781857301021
Category : Great Britain
Languages : en
Pages : 156
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Book Description
Labour, prices, policy, money, macroeconometric.
Author:
Publisher:
ISBN: 9781857301823
Category : Great Britain
Languages : en
Pages : 69
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Book Description
Author: Peter F. Westaway
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
In April 1999, the Bank of England published Economic models at the Bank of England, a book that described the economic modelling tools that help the Monetary Policy Committee (MPC) in its work. It was made clear at the time that economic models should not be thought of as fixed in form or content, and that model development is a continual process. An update to the book was published in September 2000 covering model developments over the past 18 months, particularly in relation to the Bank's main macroeconometric modelling tool. The update, while giving details of the core macroeconometric model, also refers to other work within the Bank that has added to the range of models used by the MPC.
Author: Paul Ormerod
Publisher: Heinemann Educational Publishers
ISBN:
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
Author: Lynne Hamill
Publisher: John Wiley & Sons
ISBN: 1118945514
Category : Social Science
Languages : en
Pages : 256
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Book Description
Agent-based modelling in economics Lynne Hamill and Nigel Gilbert, Centre for Research in Social Simulation (CRESS), University of Surrey, UK New methods of economic modelling have been sought as a result of the global economic downturn in 2008.This unique book highlights the benefits of an agent-based modelling (ABM) approach. It demonstrates how ABM can easily handle complexity: heterogeneous people, households and firms interacting dynamically. Unlike traditional methods, ABM does not require people or firms to optimise or economic systems to reach equilibrium. ABM offers a way to link micro foundations directly to the macro situation. Key features: Introduces the concept of agent-based modelling and shows how it differs from existing approaches. Provides a theoretical and methodological rationale for using ABM in economics, along with practical advice on how to design and create the models. Each chapter starts with a short summary of the relevant economic theory and then shows how to apply ABM. Explores both topics covered in basic economics textbooks and current important policy themes; unemployment, exchange rates, banking and environmental issues. Describes the models in pseudocode, enabling the reader to develop programs in their chosen language. Supported by a website featuring the NetLogo models described in the book. Agent-based Modelling in Economics provides students and researchers with the skills to design, implement, and analyze agent-based models. Third year undergraduate, master and doctoral students, faculty and professional economists will find this book an invaluable resource.
Author: Andrew Holder
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The Bank of England has developed a new macroeconomic model to help prepare the Monetary Policy Committee's quarterly economic projections. The new model does not represent a change in the Committee's view of how the economy works or of the role of monetary policy. Rather, recent advances in economic understanding and computational power have been used to develop a macroeconomic model with a more clearly specified and coherent economic structure than in previous models used by the Committee. This article provides an overview of the new model and includes some simple simulations to illustrate its properties.
Author: Harold James
Publisher: Cambridge University Press
ISBN: 1108835015
Category : Business & Economics
Languages : en
Pages : 569
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Book Description
This authoritative guide to the transformation of the Bank of England into a modern inflation-targeting independent central bank examines a revolution in monetary and economic policy and the modernization of British institutions in the late twentieth century.
Author: Sean Holly
Publisher: Cambridge University Press
ISBN: 9780521650694
Category : Business & Economics
Languages : en
Pages : 324
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Book Description
The latest techniques used in modelling the economy with policy analysis and applications.
Author: Andrew J. Britton
Publisher: Heinemann Educational Publishers
ISBN:
Category : Business & Economics
Languages : en
Pages : 222
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Book Description
Economic research essays on an economic model for policy analysis and forecasting of short term fluctuations in employment, productivity and inflation in the UK - discusses the theoretical background and methodology, partic. Model Six forecasting technique for the analysis of consumer expenditure, investment, trade, wages and prices, exchange rate, petroleum production, tax revenue and financial market; outlines the use of the model in economic forecasting and simulation. Graphs and references.
