£98.82

About as cheap as it gets — within 5% of the all-time low it hit 1 month ago.

£99 today · all-time low £98 (Aug 2026) · usually the usual

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

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£98.86 £97.80 £98.03 £98.26 £98.50 £98.73 £98.96 25 July 2026 08 August 2026 22 August 2026 05 September 2026 19 September 2026
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Price distribution over 57 days • 2 price levels

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25 days 32 days · current 0 8 16 24 32 £98 £99 Days at Price

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Most common price: £99 (32 days, 56.1%)

Price range: £98 - £99

Price levels: 2 different prices over 57 days

Description
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 argument in favor of the Cowles model as an answer to the pressing, unresolved methodological question of how to accurately model the macroeconomy so that policymakers can reliably use these models to assist their decision making. Thirty-eight behavioral equations, describing determinants of variables such as consumption, taxes, and government spending, are connected by eighteen identities to construct a comprehensive model of the real US economy that Heim then tests across four different time periods to ensure that results are consistent. This comprehensive demonstration of the value of a long-ignored model provides overwhelming evidence that the more Keynesian (Cowles) structural models outperform VAR and DSGE, and therefore should be the models of choice in future macroeconomic studies.

Product Specifications
Brand
Palgrave
Format
hardcover
ASIN
3319506803
Category
Books > Subjects > Business, Finance & Law > Economics > Econometrics
Domain
Amazon UK
Release Date
21 December 2017
Listed Since
10 November 2016

Barcode

No barcode data available

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