Jump to ContentJump to Main Navigation
Global and National Macroeconometric Modelling
Users without a subscription are not able to see the full content.

Global and National Macroeconometric Modelling: A Long-Run Structural Approach

Anthony Garratt, Kevin Lee, M. Hashem Pesaran, and Yongcheol Shin

Abstract

This book provides a comprehensive description of the state-of-the-art in macroeconometric modelling and describes the ‘long-run structural modelling approach’ applied to the modelling of national economies in a global context. The first part of the book discusses the ways in which economic theory and econometric analysis can be brought together to construct a macroeconometric model, in which the long-run relationships are consistent with economic theory and where the short-run dynamics have an interpretation. The discussion considers theoretical as well as practical considerations involved in ... More

Keywords: macroeconomic model, cointegration, probability, forecasting, UK economy, global model, macroeconomic policy, macroeconomic decision-making

Bibliographic Information

Print publication date: 2006 Print ISBN-13: 9780199296859
Published to Oxford Scholarship Online: September 2006 DOI:10.1093/0199296855.001.0001

Authors

Affiliations are at time of print publication.

Anthony Garratt, author
Senior Lecturer, Birkbeck College, University of London
Author Webpage

Kevin Lee, author
Professor of Economics, University of Leicester
Author Webpage

M. Hashem Pesaran, author
Professor of Economics, Cambridge University and University of Southern California
Author Webpage

More

Subscriber Login

Forgotten your password?