Inside a Modern Macroeconometric Model: A Guide to the Murphy Model

by Christopher W. Murphy and Alan A. Powell

Book Overview

As Ken Wallis (1993) has pOinted out, all macroeconomic forecasters and policy analysts use economic models. That is, they have a way of going from assumptions about macroeconomic policy and the international environment, to a prediction of the likely future state of the economy. Some people do this in their heads. Increasingly though, forecasting and policy analysis is based on a formal, explicit model, represented by a set of mathematical equations...

• Format: Paperback
• Language: English
• ISBN: 3642638368
• ISBN13: 9783642638367
• Release Date: October 2012
• Publisher: Springer
• Length: 455 Pages
• Weight: 1.46 lbs.
• Dimensions: 1.0" x 6.1" x 9.2"