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Author: Ray C. Fair
Publisher: Harvard University Press
ISBN: 9780674831803
Category : Business & Economics
Languages : en
Pages : 504
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Book Description
This book gives a practical, applications-oriented account of the latest techniques for estimating and analyzing large, nonlinear macroeconomic models. Ray Fair demonstrates the application of these techniques in a detailed presentation of several actual models, including his United States model, his multicountry model, Sargent's classical macroeconomic model, autoregressive and vector autoregressive models, and a small (twelve equation) linear structural model. He devotes a good deal of attention to the difficult and often neglected problem of moving from theoretical to econometric models. In addition, he provides an extensive discussion of optimal control techniques and methods for estimating and analyzing rational expectations models. A computer program that handles all the techniques in the book is available from the author, making it possible to use the techniques with little additional programming. The book presents the logic of this program. A smaller program for personal microcomputers for analysis of Fair's United States model is available from Urban Systems Research & Engineering, Inc. Anyone wanting to learn how to use large macroeconomic models, including researchers, graduate students, economic forecasters, and people in business and government both in the United States and abroad, will find this an essential guidebook.
Author: Ray C. Fair
Publisher: Harvard University Press
ISBN: 9780674831803
Category : Business & Economics
Languages : en
Pages : 504
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Book Description
This book gives a practical, applications-oriented account of the latest techniques for estimating and analyzing large, nonlinear macroeconomic models. Ray Fair demonstrates the application of these techniques in a detailed presentation of several actual models, including his United States model, his multicountry model, Sargent's classical macroeconomic model, autoregressive and vector autoregressive models, and a small (twelve equation) linear structural model. He devotes a good deal of attention to the difficult and often neglected problem of moving from theoretical to econometric models. In addition, he provides an extensive discussion of optimal control techniques and methods for estimating and analyzing rational expectations models. A computer program that handles all the techniques in the book is available from the author, making it possible to use the techniques with little additional programming. The book presents the logic of this program. A smaller program for personal microcomputers for analysis of Fair's United States model is available from Urban Systems Research & Engineering, Inc. Anyone wanting to learn how to use large macroeconomic models, including researchers, graduate students, economic forecasters, and people in business and government both in the United States and abroad, will find this an essential guidebook.
Author: Ray C. Fair
Publisher: Harvard University Press
ISBN: 9780674875036
Category : Business & Economics
Languages : en
Pages : 462
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Book Description
In this book Ray Fair expounds powerful techniques for estimating and analyzing macroeconometric models. He takes advantage of the remarkable decrease in computational costs that has occurred since the early 1980s by implementing such sophisticated techniques as stochastic simulation. Testing Macroeconometric Models also incorporates the assumption of rational expectations in the estimation, solution, and testing of the models. And it presents the latest versions of Fair's models of the economies of the United States and other countries. After estimating and testing the U.S. model, Fair analyzes its properties, including those relevant to economic policymakers: the optimal monetary policy instrument, the effect of a government spending reduction on the government deficit, whether monetary policy is becoming less effective over time, and the sensitivity of policy effects to the assumption of rational expectations. Ray Fair has conducted research on structural macroeconometric models for more than twenty years. With interest increasing in the area, this book will be an essential reference for macroeconomists.
Author: Sharon M. Oster
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 432
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Book Description
Unusually broad in scope, with many examples from large and small companies, service firms, manufacturers, foreign and American organizations, as well as non-profit corporations, the book emphasizes an economic approach to strategic planning, using some of the most recent theories to illuminate situations faced by businesses today.
Author: Ray C. FAIR
Publisher: Harvard University Press
ISBN: 0674036638
Category : Business & Economics
Languages : en
Pages : 314
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Book Description
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.
Author: Karl E. Case
Publisher: Prentice Hall
ISBN: 9780133024166
Category : Microeconomics
Languages : en
Pages : 0
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Book Description
Intended primarily for the one semester principles of microeconomics course, this text also provides practical content to current and aspiring industry professionals. Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling POE texts because they trust it to be clear, thorough and complete. Case/Fair/Oster readers also come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. Readers begin to learn the art and science of economic thinking and begin to look at some policy and even personal decisions in a different way. Break through to improved results with MyEconLab� MyEconLab is an online homework, tutorial, and assessment program that truly engages students in learning. It helps students better prepare for class, quizzes, and exams--resulting in better performance in the course--and provides educators a dynamic set of tools for gauging individual and class progress. And, MyEconLab comes from Pearson, your partner in providing the best digital learning experiences. Note: You are purchasing a standalone product; MyEconLab does not come packaged with this content. If you would like to purchase both the physical text and MyEconLab search for ISBN-10: 0133450872 / ISBN-13: 9780133450873. That package includes: ISBN-10: 0133024164 / ISBN-13: 9780133024166 Principles of Microeconomics, 11e ISBN-10: 0133049981 / ISBN-13: 9780133049985 MyEconLab -- NEW MyEconLab with Pearson eText -- Standalone Access Card -- for Principles of Microeconomics, 11e MyEconLab is not a self-paced technology and should only be purchased when required by an instructor.
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Author: Thomas M. Beveridge
Publisher: Prentice Hall
ISBN: 9780132226813
Category : Macroeconomics
Languages : en
Pages : 533
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Book Description
STUDY GUIDEA comprehensive study guide reinforces the microeconomics textbook and provides studentswith additional applications and exercises.Each chapter contains the following elements: Point-by-Point Chapter Objectives A list of learning goals for the chapter. Each objectiveis followed up with a summary of the material, learning tips for each concept, andpractice questions with solutions. Practice Tests Consists of approximately 20 multiple-choice questions and answers. Application Questions A series of questions that require students to use graphic ornumerical analysis to solve economic problems. Solutions Worked-out solutions to all questions in the Study Guide. Comprehensive Part Exams Exams to test the students' overall comprehension, consistingof multiple-choice and application questions. Solutions to all questions are alsoprovided.
Author: Action Training Systems
Publisher: Pearson
ISBN: 9780133864250
Category :
Languages : en
Pages : 0
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Book Description
Author: Norman E. Amundson
Publisher:
ISBN: 9780132850643
Category : Career development
Languages : en
Pages : 0
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Book Description
Proven Results, For over 10 years, instructors and students have reported better grades through increased engagement and real-time insights into progress. Engaging Experiences, MyLab is designed to reach students in a personal way. Engaging learning and practice opportunities lead to assessments that create a personalized study plan. A Trusted Partnership, With millions of students registered annually, MyLab is the most effective and reliable learning solution available today.
Author: Glen Arnold
Publisher: Pearson Higher Ed
ISBN: 0273758950
Category : Business & Economics
Languages : en
Pages : 1107
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Book Description
Explore how finance theory works in practice with Corporate Financial Management, 5th edition. Find out how financial decisions are made within a firm, how projects are appraised to make investment decisions, how to evaluate risk and return, where to raise finance from and how, ultimately, to create value. "Very comprehensive material, excellent explanations, great examples well illustrated graphically." Professor Austin University of Portsmouth, UK Need extra support? This title can be supported by MyFinanceLab, an online homework and tutorial system which can be used by students for self-directed study or fully integrated into an instructor's course. You can buy access online at ww.MyFinanceLab.com. For educator access, contact your Pearson Account Manager. To find out who your account manager is, visit www.pearsoned.co.uk/replocator
Author: Jeffrey Parker
Publisher:
ISBN: 9780673461322
Category : Economics
Languages : en
Pages : 438
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Book Description
