Applied Macroeconometrics Book + PRICE WATCH * Amazon pricing is not included in price watch

Applied Macroeconometrics Book

Applied Macroeconometrics : Hardback : Oxford University Press : 9780198775836 : 0198775830 : 22 Mar 2001 : The objective of this book is the discussion and the practical illustration of three competing techniques used in applied macroeconometrics: the LSE approach, the VAR approach, and the intertemporal optimization/Real Business Cycle approach.Read More

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  • Product Description

    Until the 1970s, there was a consensus in applied macroeconometrics, both regarding the theoretical foundation and the empirical specification of macroeconometric modelling, commonly known as the Cowles Commission approach. This is no longer the case: the Cowles Commission approach broke down in the 1970s, replaced by three prominent competing methods of empirical research: the LSE (London School of Economics) approach, the VAR approach, and the intertemporal optimization/Real Business Cycle approach. This book discusses and illustrates the empirical research strategy of these three alternative approaches by interpreting them as different proposals to solve problems observed in the Cowles Commission approach.

  • 0198775830
  • 9780198775836
  • Carlo A. Favero
  • 25 January 2001
  • OUP Oxford
  • Hardcover (Book)
  • 296
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