Comparative Performance of US Econometric Models by Lawrence R Klein

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Comparative Performance of US Econometric Models by Lawrence R Klein

This volume compares strategic properties of the leading macroeconometric models of the United States. It summarizes the work of an ongoing seminar supported by the National Science Foundation and chaired by Lawrence R. Klein of the University of Pennsylvania. The Seminar meets three times annually. Comparisons are made across models for such characteristics as conventional multipliers (fiscal, monetary, and supply side shocks), J-curve response to dollar depreciation, and forecast performance under consistent assumptions. There are in-depth comparisons of some models and investigation of use of high frequency information to improve forecasts. There are also analyses of the sources of forecast error. The core structures of models, especially their ISLM cores, are compared. The volume contains one chapter on comparison across models of different developing countries. In addition to the contributions by participating model builders who meet regularly, the book contains critical appraisals by outsiders. The contributors include many distinguished economists in model use and analysis. Many are operators of the countries best known modelling facilities. The introduction was written by Lawrence R. Klein, winner of the Nobel Prize in Economic Science in 1980, for his work in construction and use of econometric models.
'There is a deal of interesting material contained in this volume for those involved in modelling and forecasting' The Business Economist
Edited by the late Lawrence R. Klein, former Benjamin Franklin Professor of Economics Emeritus, University of Pennsylvania, US and 1980 Nobel Laureate in Economic Sciences
SKU Unavailable
ISBN 13 9780195057720
ISBN 10 0195057724
Title Comparative Performance of US Econometric Models
Author Lawrence R Klein
Series Springer Tracts In Advanced Robotics
Condition Unavailable
Binding Type Hardback
Publisher Oxford University Press Inc
Year published 1991-06-27
Number of pages 336
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.