Types of macroeconomic models
- The role of expectations in the FRB/US macroeconomic model. Brayton, Flint; Mauskopf, Eillen // Federal Reserve Bulletin;Apr97, Vol. 83 Issue 4, p227
Examines the feature of FRB/US model as the macroeconomic model of the United States economy. Expectations in macroeconomic models; Debate about expectations on the model; Separations of expectations from actions in FRB/US; Options for expectations in FRB/US; More. INSETS: Assumptions about...
- Prices and wages. Brayton, Flint; Mauskopf, Eileen // Federal Reserve Bulletin;Apr97, Vol. 83 Issue 4, p239
Discusses the main variable in the FRB/US macroeconomic models of the United States economy. Basis of equilibrium nominal wage.
- Two perspectives on growth and taxes. Ireland, Peter N. // Economic Quarterly (10697225);Winter94, Vol. 80 Issue 1, p1
Presents models on the link between tax rates and macroeconomic performance. Impact of tax changes on the level of aggregate output; Importance of tax policy in determining an economy's long run growth rate; Related empirical studies of taxation and growth.
- Macroeconomics with frictions. Aiyagari, S. Rao // Quarterly Review (02715287);Summer94, Vol. 18 Issue 3, p24
Describes a modeling approach in macroeconomics that incorporates the characteristics of incompleteness and frictions in actual economies. Contributions made by the papers presented at the Federal Reserve Bank of Minneapolis' conference; Directions for future research of this type.
- Macroeconomics with friction. Aiyagari, S. Rao // Quarterly Review (02715287);Summer97, Vol. 21 Issue 3, p28
Reprints the article `Macroeconomics with Frictions,' which appeared in the June 1994 issue of `Federal Reserve Bank of Minneapolis Quarterly Review.'
- Some Avenues for the Improvement of Price Forecasts Generated by Macroeconometric Models: Discussion. Mackay, Robert J.; Weber, Warren E. // American Journal of Agricultural Economics;May75, Vol. 57 Issue 2, p178
Comments on a study by Joel Popkin, which suggested several methods for improving the ability of macroeconometric models to accurately predict changes. Prices to look to for price prediction errors; Important circumstance that Popkin did not discuss; Alternative approach for improving the...
- Agricultural Activity and the General Economy: Some Macromodel Experiments. Roop, Joseph M.; Zeitner, Randolph H. // American Journal of Agricultural Economics;Feb77, Vol. 59 Issue 1, p117
Examines the use of econometric model in the agricultural sector and its integration into a large macroeconomic model. Discussion on the Wharton Mark IV agricultural sector model; Details of an aggregate agricultural sector (AGSEC); Mathematical solutions and simulations for AGSEC; Integration...
- STRATEGIC BEHAVIOR, REAL RIGIDITIES, AND PRODUCTION COORDINATION FAILURES. Allen, Ralph C.; Stone, Jack H. // Eastern Economic Journal;Summer2001, Vol. 27 Issue 3, p267
Focuses on a study which proposed a production-coordination model in an explicit pricing context. Importance of coordination failures in macroeconomics; Information on the trading system underlying the pricing behavior of the model; Details on the behavior under flexible and rigid real-price...
- Evolving UK and US macroeconomic dynamics through the lens of a model of deterministic structural change. Kapetanios, George; Yates, Tony // Bank of England Quarterly Bulletin;2011 3rd Quarter, Vol. 51 Issue 3, p255
The article presents a research study on the development of the macroeconomic dynamics of Great Britain and the U.S. It examines the use of an econometric model in the study to view the parameters that propagate shock in the economy. It also discusses the reasons on the use of an econometric...