Macroeconometric models
type: Item
instance of: scholarly article
title: Macroeconometric models
zbMATH Open document ID: 1276.91004
DOI: 10.1007/978-3-642-34468-8
author: Władysław Welfe
published in: Advanced Studies in Theoretical and Applied Econometrics
publication date: 2012-11-15T00:00:00Z
review text: The book is a tremendous survey of macroeconometric modeling. The author (a recognized master in this field) has captured all periods of development of this tool of the analysis and forecasting of economic dynamics since the 30s of the last century up to now. The survey contains twenty-one chapters divided into two parts. Part I, ``The history in outline'', presents a history of the developing of macroeconomic models for industrial and developing countries. With regard to the multiplicity of models created during the last decades, the author was limited in his choice. ``The key criterion for accepting a model was whether its history of continuous utilization was successfully long and whether it had a serious impact on the model building activities.'' The model presentation in the first part is descriptive. Part II, ``The structure of macroeconometric models'', is methodical. Its chapters present formally main classes of macromodels: the household and enterprise sector, equilibria and disequilibria, financial flows, money and capital markets. The last chapter deals with ``Prospects of macroeconometric modeling''.
reviewed by: Vladimir Gorbunov
Mathematics Subject Classification ID: 91-01
Mathematics Subject Classification ID: 91B64
Mathematics Subject Classification ID: 62P20
zbMATH DE Number: 6107101
zbMATH Keywords: economic dynamics
zbMATH Keywords: modeling experience
zbMATH Keywords: macromodel classification
zbMATH Keywords: calibration
zbMATH Keywords: parameter estimation
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1007/978-3-642-34468-8
OpenAlex ID: W4251493553
Recommended article: Q5431448
Recommended article: Q5444116
Recommended article: Principles of macroeconometric modeling
Recommended article: Q3339145
Recommended article: Panel Macroeconometric Modeling
Recommended article: Q4881238
Recommended article: Q5465485
Recommended article: Macroeconomic theory
Recommended article: Analysis in macroeconomic modelling
Recommended article: Fundamental Principles of Modeling in Macroeconomics
description: scientific article; zbMATH DE number 6107101