Umfang:
1 Online-Ressource (XVIII, 424 p)
Ausgabe:
1st ed. 1995
ISBN:
9783662007716
Serie:
Lecture Notes in Economics and Mathematical Systems 428
Inhalt:
As Ken Wallis 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 and solved by computer. This provides a framework for handling. in a consistent and systematic manner. the ever-increasing amounts of relevant information. Macroeconometric modelling though. is an inexact science. A manageable model must focus only on the major driving forces in a complex economy made up of millions of households and fIrms. International economic agencies such as the IMF and OECD. and most treasuries and central banks in western countries. use macroeconometric models in their forecasting and policy analysis. Models are also used for teaching and research in universities. as well as for commercial forecasting in the private sector
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe ISBN 9783540600275
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe ISBN 9783662007723
Sprache:
Englisch
Fachgebiete:
Wirtschaftswissenschaften
,
Mathematik
Schlagwort(e):
Makroökonomisches Modell
DOI:
10.1007/978-3-662-00771-6
URL:
Volltext
(URL des Erstveröffentlichers)
