Read more
Klappentext A discussion of various aspects of dynamic behavior of empirical macroeconomic, and in particular, macroeconometric models, is presented in this book. This book addresses in depth several theoretical and practical aspects concerning the modeling and analysis of long-run equilibrium behavior, adjustment dynamics and stability. Zusammenfassung A discussion of various aspects of dynamic behavior of empirical macroeconomic! and in particular! macroeconometric models! is presented in this book. This book addresses in depth several theoretical and practical aspects concerning the modeling and analysis of long-run equilibrium behavior! adjustment dynamics and stability. Inhaltsverzeichnis Preface. Contributors. Introduction and overview (L. Schoonbeek! E. Sterken). Integrating dynamics and equilibrium in (large) models (F Huizinga! P. Kooiman). Advances in the estimation and analysis of non-linear differential equation models in economics (C.R. Wymer). Evaluating the dynamic properties of macroeconometric models (A.P. Barten). Graph-theory based tools in the practice of macroeconometric modeling (M. Gilli). Causality and dynamic analysis of MEFISTO: the monetary and financial model of the Banque de France (M. Boutillier! P. Jacquinot). Shock resilience in macroeconometric models under error correction and consistent expectations (A. Brandsma! A. Italianer). Model-consistent learning: some recent developments (S.G. Hall! A. Garratt). Policy simulations and long-run sustainability in forward-looking macroeconometric models (P.N. Smith! K.F. Wallis). The long run of macroeconometric models: the case of MULTIMOD (R. Loufir! P. Malgrange). Modeling the dynamics of net wages (L. Schoonbeek! E. Sterken). The dynamics of investment: an application to Dutch manufacturing industries (G.H. Kuper). On the empirics of endogenous economic growth (A. van Schaik). Author index. Subject index.
