Abstract
The topic ‘macroeconometric models’ is very broad. Conceivably it could include any study in which at least one equation was estimated using macroeconomic data. I will limit my discussion to structural models that try to explain the overall economy, although I will also have a few things to say about vector autoregressive models.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Bodkin, R.G., Klein, L.R., and Marwah, K. 1986. A history of macro-econometric model-building. Forthcoming.
Fair, R.C. 1980. Estimating the expected predictive accuracy of econometric models. International Economic Review 21: 355–378.
Fair, R.C. 1985. The use of expected future variables in macroeconometric models. Mimeo.
Fair, R.C., and J. Taylor. 1983. Solution and maximum likelihood estimation of dynamic rational expectations models. Econometrica 51: 1169–1185.
Hansen, L. 1982. Large sample properties of generalized method of moments estimators. Econometrica 50: 1029–1054.
Klein, L.R. 1950. Economic fluctuations in the United States, 1921–1941, Cowles Monograph No. 11. New York: Wiley.
Klein, L.R., and A.S. Goldberger. 1955. An econometric model of the United States 1929–1952. Amsterdam: North-Holland.
Lucas Jr., R.E. 1976. Econometric policy evaluation: A critique. In The Phillips curve and labor markets, ed. K. Brunner and A.H. Meltzer. Amsterdam: North-Holland.
Muth, J.F. 1961. Rational expectations and the theory of price movements. Econometrica 29: 315–335.
Sims, C.A. 1980. Macroeconomics and reality. Econometrica 48: 1–48.
Tinbergen, J. 1939. Statistical testing of business cycle theories. Geneva: League of Nations.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Fair, R.C. (2018). Macroeconometric Models. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_775
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_775
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences