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Books > Business & Economics > Economics > Econometrics
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Methods and Applications of Economic Dynamics - Workshop : Invited Papers (Hardcover)
Loot Price: R5,528
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Methods and Applications of Economic Dynamics - Workshop : Invited Papers (Hardcover)
Series: Contributions to Economic Analysis
Expected to ship within 10 - 15 working days
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A discussion of various aspects of dynamic behavior of empirical
macroeconomic, and in particular, macroeconometric models, is
presented in this book. The book addresses in depth several
theoretical and practical aspects concerning the modeling and
analysis of long-run equilibrium behavior, adjustment dynamics and
stability. Tools are developed to identify and interpret the main
determinants of the dynamics of models. The tools involve, among
others, error-correction mechanisms, eigenvalue analysis, feedback
closure rules, graph theory, learning behavior, steady-state
analysis, and stochastic simulation. Their usefulness is
demonstrated by interesting applications to a number of well-known
national and multi-national models.
General
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