The Econometrics of Economic Policy
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The Econometrics of Economic Policy

The Econometrics of Economic Policy

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About the Book

This volume contains the proceedings of a conference held at the European University Institute in Florence on the Econometrics of Economic Policy. The collection of papers, by the leading practitioners in the field, deals with various aspects of the econometric evaluation of models designed to investigate the effects of economic policies, including forecasting, structural stability testing and simulating policy responses. Some of the papers, such as those by Richard and Stock, primarily deal with the theoretical aspects of the problems involved. Others, by Ericsson et al, for example, deal more with the explicitly empirical issues such as making a monetary index operational and its relevance in determining Central Bank/Treasury policies. The Editorial brings together the central themes of the volume in addition to containing original results.

Table of Contents:
1. The Econometric Analysis of Economic Policy: Anindya Banerjee, David Hendry and Grayham Mizon. 2. Econometric Modelling of UK House Prices Using Accelerated Importance Sampling: Jean-Francois Richard and Wei Zhang. 3. Common Seasonal Features: Global Unemployment: Robert Engle and Svend Hylleberg. 4. Bootstrapping a Stable AD Model: Weak versus Strong Exogeneity: Noud van Giersbergen and Jan Kiviet. 5. Multi-Step Estimation for Forecasting: Michael Clements and David Hendry. 6. VAR, Error Correction and Pre-test Forecasts at Long Horizons: James Stock. 7. Income Persistence and Macro-Policy Feedbacks in the USA and the UK: John Muellbauer. 8. Testing Parameter Constancy and Super Exogeneity in Econometric Equations: Eilev Jansen and Timo Terasvirta. 9. Hazards in Implementing a Monetary Conditions Index: Kasri Eika, Neil Ericsson and Ragnar Nymoen. 10. An Empirical Analysis of the Changing Role of the German Bundesbank after 1983: Katarina Juselius.


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Product Details
  • ISBN-13: 9780631203438
  • Publisher: John Wiley and Sons Ltd
  • Publisher Imprint: Blackwell Publishers
  • Height: 229 mm
  • Returnable: N
  • Width: 152 mm
  • ISBN-10: 0631203435
  • Publisher Date: 10 May 1997
  • Binding: Paperback
  • Language: English
  • Weight: 395 gr


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