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Monday, April 27, 2020 | History

3 edition of Macroeconometric modelling of the West German economy found in the catalog.

Macroeconometric modelling of the West German economy

Macroeconometric modelling of the West German economy

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  • 13 Currently reading

Published by Edition Sigma in Berlin .
Written in English

    Places:
  • Germany (West)
    • Subjects:
    • Germany (West) -- Economic conditions -- Econometric models -- Congresses.

    • Edition Notes

      StatementBernhard Gahlen, Markus Sailer (eds.).
      ContributionsGahlen, Bernhard., Sailer, Markus., International Institute of Management. Industrial Policy., IIM/Ifo Workshop on Macroeconometric Modelling of the West German Economy (1982 : Wissenschaftszentrum Berlin)
      Classifications
      LC ClassificationsHC286.6 .M26 1985
      The Physical Object
      Pagination242 p. :
      Number of Pages242
      ID Numbers
      Open LibraryOL2763585M
      ISBN 103924859132
      LC Control Number86120472

        No economic models are very good at making predictions about the future 3. The Smets-Wouters () model is considered the best of a bad bunch, the dwarf among pygmies. Students are invited to consider doing an independent study with Professor Twomey on: "Macroeconometric Models of the U.S. Economy" The focus of the course is statistical models of the U.S. economy; in particular, that of Ray Fair of Yale University.   This phenomenon has not yet been fully exploited in current macroeconometric models of the Australian economy. The modelling exercise also reveals that the Australian unemployment rate is linear in demand and labour productivity shocks, with nonlinear behaviour caused by real wage rigidity and generous unemployment by: 2. Title of Dissertation: Income Taxes in a Long-Term Macroeconometric Forecasting Model. Stephen H. Pollock, Doctor of Philosophy, Dissertation directed by: Clopper Almon, Jr. Professor of Economics Department of Economics This dissertation describes the building of an econometric model of.


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Macroeconometric modelling of the West German economy Download PDF EPUB FB2

ISBN: OCLC Number: Notes: "Papers submitted to the IIM/Ifo Workshop on Macroeconometric Modelling of the West German Economy, held on 26th March,at the Science Center Berlin (Wissenschaftszentrum Berlin)"--Page 7. Abstract. This short review presents the main characteristics of the macroeconometric model of the Deutsche Bundesbank.

This medium-size quarterly model describing the West German economy is regularly used in macroeconomic forecasting and policy : Max Christoph Wewel. Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume ) Abstract With the theory developed in the previous chapter it is now possible to investigate whether the stated long-run relation is supported by data on the West German by: 1.

COVID Resources. Reliable information about the coronavirus (COVID) is available from Macroeconometric modelling of the West German economy book World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle.

This book gives a comprehensive description of macroeconometric modeling and its development over time. The first part depicts the history of macroeconometric model building, starting with Jan Tinbergen's and Lawrence R.

Klein's contributions. It is unique in summarizing the development and specific structure. Britta Hamburg and Karl-Heinz Tödter 1 INTRODUCTION The macroeconometric model of the Deutsche Bundesbank has been used continuously for policy analysis and forecasting since about It was one of the first macroeconometric models for the German by: 4.

Models of the Centrally Planned and Transition Economies. The basic framework. Demand determined models. Supply determined systems: the supply side.

Fully supply determined systems. Quasi-supply determined systems. Disequilibrium macromodels. The use of macroeconometric models. Major Topics in Macromodelling. THE CASE FOR MACROECONOMETRIC MODELS 7. ments who attempted to run the economy through regulated markets.

Today’s models have adapted to a situation with liberalized financial and credit mar- kets. In fact, the process of deregulation has resulted in an increased demand for econometric analysis and forecasting. The main reference for the macroeconomic part of this site is.

Macroeconometric Modeling: You can click to any section within the Table of Contents. You can also click to various links. When you return from a link, you will return to the beginning of the Table of Contents of Macroeconometric modelling of the West German economy book main document.

This book describes how and why the discipline of macroeconometric modelling continues to play a role for economic policymaking by adapting to changing demands, in response, for instance, to new. Reports 31|/ Macroeconomic modelling in developing countries Statistics Norway 7 1.

Introduction The use of macroeconometric models for forecasting and policy analysis has a long and interesting, but also turbulent, history. Jan Tinbergen is regarded as the pioneer as he developed the first macroeconometric model for the Dutch economy prior to.

Macroeconometric modelling aims at explaining the empirical behaviour of an actual economic system. Such models will be systems of inter-linked equations estimated from time-series data using statistical or econometric techniques.

A conceptual starting point is the idea of a general stochastic process thatFile Size: KB. About the Author. Eilev S. Jansen, b.is a Director at the Central Bank of Norway and a Professor at Department of Economics, Norwegian University of Science and Technology, Trondheim.

He has previously been Head of the Model Building Unit () and Director of Research () at the central : Paperback. Downloadable.

This paper attempts to evaluate the impact of current and future immigration flows on major macroeconomic variables of the West German economy. The analysis is based on a macroeconometric disequilibrium model for the West German economy.

This model is extended until and used for several simulation experiments. Special attention is given to. This book provides a description of the main macroeconomic models used by the European Central Bank and the euro area national central banks (Eurosystem).

These models are used to help prepare economic projections and scenario analysis for individual countries and the euro area as a by: 1. This book provides a comprehensive description of the state-of-the-art in modelling global and national economies.

It introduces the long-run structural approach to modelling that can be readily adopted for use in understanding how economies work, and in generating forecasts for decision- and policy-makers. The History in Outline: The Origins of Macroeconometric Models.- Macroeconometric Models of the United States and Canada.- Modelling Activities in Europe.- Models of the French Economy.- Dutch Macroeconometric Models.- The Models of the Nordic and Baltic Countries.- Models of the Central and South European Countries Large-scale macroeconometric model consists of systems of dynamic equations of the economy with the estimation of parameters using time-series data on a quarterly to yearly basis.

Macroeconometric models have a supply and a demand side for estimation of these parameters. Kydland and Prescott call it the system of equations approach. Throughout, the book emphasises the use of macroeconometric modelling in the real world and is written in a way that ensures the techniques illustrated can be replicated or applied in new contexts.

The transparency and pragmatism of the modelling approach used within this book will be attractive to practitioners who need manageable and interpretable models to answer 5/5(2).

This paper attempts to evaluate the impact of current and future immigration flows on major macroeconomic variables of the West German economy. The analysis is based on a macroeconometric disequilibrium model for the West German economy.

This model is extended until and used for several simulation experiments. Special attention is given to. Understanding the links among markets and sectors of an economy. New Approach to macroeconometric Modelling.

Discussion on IMF-type model Discussion on IS-LM model Reference: *Lawrence R. Klein et al. (), Principles of Macroeconometric Modeling, ELSEVIER, The Netherlands, chapter 1 on Models of the Economy as a Whole, pp.

The class of macroeconometric models we present in this chapter requires coherent use of economic theory, data, and mathematical and statistical techniques. This approach of course has a long history in econometrics, going back to Tinbergen’s first macroecono-metric models, and have enjoyed renewed interest in the last decades.

Recent advancesFile Size: KB. This paper explicitly analyses the determinants of East-West migration in Germany using a macroeconometric panel data model and applying pair-wise gross migration flows and rates between the respective eastern and western German federal states for the period – The remainder of this paper is structured as follows.

A quarterly macroeconometric model for Turkey, which is a highly inflationary and indebted country, is developed, estimated and simulated. The model is constructed in the framework of a disequilibrium monetary model.

It deals with the credibility issue and currency by: 2. Macroeconometric Modelling in Developing Countries Macroeconometric modelling has a long and interesting history.

Tinbergen is regarded as a pioneer of macroeconometric modelling as he formulated the first MEM for the Dutch economy prior to World War II to assist the Dutch Central Planning Bureau in.

This document, including the links in it, is a discussion of macroeconometric modeling. Therearesevenparts. Thefirstfiveare: 1)methodology,2)econometric techniques, 3) a particular application—the MC model, 4) properties of the MC model, and 5) the use of the MC model to analyze the economy.

Understanding West German Economic Growth in the s1 Barry Eichengreen and Albrecht Ritschl Abstract We evaluate explanations for why Germany grew so quickly in the s. The recent literature has emphasized convergence, structural change and institutional shake-up while minimizing the importance of the post-war Size: KB.

estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies, documented in Vitek (, ).

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(b) we modelled the Germany economy as a small open economy, subject to economic developments in the rest of the world. Hence in the VAR approach both domestic and foreign variables are considered.

into the Bundesbank's macroeconometric model of the German economy which has recently been reduced to a size of about equations1. This model is based on quarterly data from the first quarter of to the fourth quarter ofwith figures after the third quarter of extended to total Germany, i.e.

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The class of macroeconometric models we present in this chapter requires coherent use of economic theory, data, and mathematical and statistical techniques. This approach of course has a long history in econometrics, going back to Tinbergen™s –rst macroecono-metric models, and have enjoyed renewed interest in the last decades.

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