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Hardcover • 2005 • English
By Ragnar Nymoen, Eilev S. Jansen, Oyvind Eitrheim
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About the book
Macroeconometric models, in many ways the flagships of the economist's profession in the 1960s, came under increasing attack from both theoretical economist and practitioners in the late 1970s. Critics referred to their lack of microeconomic theoretical foundations, ad hoc models of expectations, lack of identification, neglect of dynamics and non-stationarity, and poor forecasting properties. By the start of the 1990s, the status of macroeconometric models haddeclined markedly, and had fallen c...Show more
Book details
ISBN
9780199246502
Published year
2005
Language
English
Original title
The Econometrics of Macroeconomic Modelling
Format
Hardcover
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