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An Econometric Model of the US Economy: Structural Analysis in 56 Equations

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Download An Econometric Model of the US Economy: Structural Analysis in 56 Equations written by John J. Helm in PDF format. This book is under the category Economics and bearing the isbn/isbn13 number 3319506803/9783319506807. You may reffer the table below for additional details of the book. We do NOT provide access codes, we provide eBooks ONLY. Instant access will be granted as soon as you complete the payment.

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Specifications

book-author

John J. Helm

publisher

Palgrave Macmillan; 1st ed. 2017 edition

file-type

PDF

pages

460 pages

language

English

asin

B077Z8Z9BR

isbn10

3319506803

isbn13

9783319506807


Book Description

This ebook An Econometric Model of the US Economy: Structural Analysis in 56 Equations (PDF) explores the US economy from 1960 to 2010 using a more Keynesian; Cowles model approach; which the author argues has substantial advantages over the vector autoregression (VAR) and dynamic stochastic general equilibrium (DSGE) models used almost exclusively today. Heim presents a robust argument in favor of the Cowles model as an answer to the pressing; unresolved methodological question of how to accurately model the macroeconomy so that policymakers can reliably use these models to assist their decision making. Thirty-eight behavioral equations; describing determinants of variables such as taxes; consumption; and government spending; are connected by eighteen identities to construct a comprehensive model of the real US economy that Heim then tests across four different time periods to ensure that results are consistent. This comprehensive demonstration of the value of a long-ignored model provides overwhelming evidence that the more Keynesian (Cowles) structural models outperform DSGE and VAR; and therefore should be the models of choice in future macroeconomic studies.

 

book-author

John J. Helm

publisher

Palgrave Macmillan; 1st ed. 2017 edition

file-type

PDF

pages

460 pages

language

English

asin

B077Z8Z9BR

isbn10

3319506803

isbn13

9783319506807

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