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Specification, Estimation, and Analysis of Macroeconomic Models by Ray Fair (1984, Hardcover)

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About this product

Product Identifiers

PublisherHarvard University Press

ISBN-100674831802

ISBN-139780674831803

eBay Product ID (ePID)708554

Product Key Features

Number of Pages384 Pages

LanguageEnglish

Publication NameSpecification, Estimation, and Analysis of Macroeconomic Models

Publication Year1984

SubjectEconomics / Macroeconomics, Economics / General

TypeTextbook

AuthorRay Fair

Subject AreaBusiness & Economics

FormatHardcover

Dimensions

Item Height1.4 in

Item Weight33.4 Oz

Item Length9.5 in

Item Width6.9 in

Additional Product Features

Intended AudienceScholarly & Professional

LCCN83-012901

Dewey Edition19

IllustratedYes

Dewey Decimal330/.0724

SynopsisThis 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.

LC Classification NumberHB141