Introduction to the Use of Econometric Models in Economic Policy Making

Introduction to the Use of Econometric Models in Economic Policy Making PDF Author: Preston Miller
Publisher:
ISBN:
Category : Econometrics
Languages : en
Pages : 36

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Introduction to the Use of Econometric Models in Economic Policy Making

Introduction to the Use of Econometric Models in Economic Policy Making PDF Author: Preston Miller
Publisher:
ISBN:
Category : Econometrics
Languages : en
Pages : 36

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Book Description


Introduction to the Use of Econometric Models in Economic Policy Making [By] Preston Miller and Ronald Kaatz

Introduction to the Use of Econometric Models in Economic Policy Making [By] Preston Miller and Ronald Kaatz PDF Author: Preston Miller
Publisher:
ISBN:
Category : Economic forecasting
Languages : en
Pages : 23

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Economic Models for Policy Making

Economic Models for Policy Making PDF Author: Solomon Cohen
Publisher: Routledge
ISBN: 1136220879
Category : Business & Economics
Languages : en
Pages : 419

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Book Description
Over the past decades, many different kinds of models have been developed that have been of use to policy makers, but until now the different approaches have not been brought together with a view to enhancing the systematic unification and evaluation of these models. This new volume aims to fill this gap by bringing together four decades’ worth of work by S. I. Cohen on economic modelling for policy making. Work on older models has been rewritten and brought fully up to date, and these older models have therefore been brought back to the fore, both to assess how they influenced more recent models and to see how they could be used today. The focus of the book is on models for development policies in developing economies, but there are some chapters that relate to economic policies in transition and developed economies. The policy areas covered are of typical interest in developing and transition economies. They include those relating to trade liberalization reforms, sustainable development, industrial development, agrarian reform, growth and distribution, human resource development and education, public goods and income transfers. Each chapter contains a brief assessment of the empirical literature on the economic effects of the policy measures discussed in the chapter. The book presents a platform of economic modelling that can serve as a refresher for practising professionals, as well as a reference companion for graduates engaging in economic modelling and policy preparations.

Optimal Control for Econometric Models

Optimal Control for Econometric Models PDF Author: S. Holly
Publisher: Springer
ISBN: 134916092X
Category : Business & Economics
Languages : en
Pages : 310

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Empirical Models and Policy Making

Empirical Models and Policy Making PDF Author: Mary Morgan
Publisher: Routledge
ISBN: 113457312X
Category : Business & Economics
Languages : en
Pages : 416

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Book Description
This collection, written by highly-placed practitioners and academic economists, provides a picture of how economic modellers and policy makers interact. The book provides international case studies of particular interactions between models and policy making, and argues that the flow of information is two-way.

Econometric Model Performance

Econometric Model Performance PDF 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.

Economic Forecasting

Economic Forecasting PDF Author: James Bernard Ramsey
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 112

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An Introduction to Econometrics

An Introduction to Econometrics PDF Author: Lawrence Robert Klein
Publisher: Greenwood
ISBN:
Category : Business & Economics
Languages : en
Pages : 296

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Contributions to Modern Econometrics

Contributions to Modern Econometrics PDF Author: Ingo Klein
Publisher: Springer Science & Business Media
ISBN: 1475736029
Category : Business & Economics
Languages : en
Pages : 285

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Book Description
The field of econometrics has gone through remarkable changes during the last thirty-five years. Widening its earlier focus on testing macroeconomic theories, it has become a rather comprehensive discipline concemed with the development of statistical methods and their application to the whole spectrum of economic data. This development becomes apparent when looking at the biography of an econometrician whose illustrious research and teaching career started about thirty-five years ago and who will retire very soon after his 65th birthday. This is Gerd Hansen, professor of econometrics at the Christian Albrechts University at Kiel and to whom this volume with contributions from colleagues and students has been dedicated. He has shaped the econometric landscape in and beyond Germany throughout these thirty-five years. At the end of the 1960s he developed one of the first econometric models for the German econ omy which adhered c10sely to the traditions put forth by the Cowles commission.

How Econometric Models Help Policy Makers

How Econometric Models Help Policy Makers PDF Author: Henk Don
Publisher:
ISBN: 9789058331588
Category : Econometric models
Languages : en
Pages : 30

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Book Description
"Frisch and Tinbergen founded the standard framework for finding the optimal economic policy by maximizing the welfare function under constraints supplied by the econometric model. Frisch worried about the reliability of the model and Tinbergen thought that it would be too difficult to specify the welfare function. Looking at current practice in Dutch policy making, both worries are relevant but the solutions proposed by the founders are not very helpful. Rather, the solution is found in applying an iterative trial-and-error procedure interfacing between the policy maker and the model-cum-expert system. The main contributions of the standard framework are its useful set of concepts, the famous order condition for a feasible solution, and the clear definition of role models for the two parties in the interaction." -- Editor.