An Econometric Model of the US Economy Structural Analysis in 56 Equations /

• Κύριος συγγραφέας: Heim, John J. (Συγγραφέας)
• Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2017.
• Θέματα: Econometrics.; Macroeconomics.; Regional economics.; Spatial economics.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Regional/Spatial Science.

This book explores the US economy from 1960 to 2010 using a more Keynsian, Cowles model approach, which the author argues has substantial advantages over the vector autoregression (VAR) and dynamic stochastic general equilibrium (DSGE) models used almost exclusively today. Heim presents a robust arg...

Πίνακας περιεχομένων:

• 1. Introduction to Part 1 (Production of the GDP)
• 2. Methodology
• 3. Literature Review
• 4. The Consumption Models
• 5. Models Indicating Determinants of Investment Spending and Borrowing
• 6. The Exports Demand Equation
• 7. Statistically Estimated Real GDP Determination Functions ("IS" Curves)
• 8. Real GDP Determination Functions (“IS” Curves) Aggregated from Estimates Obtained by Statistically Estimating the Subcomponent Functions Comprising the GDP
• 9. Determinants of the Prime Interest Rate: Taylor Rule Method
• 10. Determinants of the Prime Interest Rate: LM Curve Method
• 11. Determinants of Inflation: The Phillips Curve Model
• 12. Determinants of Unemployment
• 13. The Savings Functions
• 14. Determinants of Government Receipts
• 15. Edogeneity of Government Spending
• 16. Capacity of the Model to Explain Behavior of the Macroeconomy in the Years beyond the Period Used to Estimate the Model
• 17. Converting the Older Keynsian IS-LM Model to the More Modern AS-AD Interpretation of the Kenysian Model
• 18. Dynamics
• 19. Summary and Conclusions (Production Side of the NIPA Accounts)
• 20. Part II: Determinants of Factor Shares (Income Side of the NIPA Accounts).