
The Econometrics of Macroeconomic Modelling
$263.75
- Hardcover
368 pages
- Release Date
14 April 2005
Summary
Revitalizing Macroeconometric Models: A Modern Approach to Economic Policy
Macroeconometric models, once the cornerstone of economic forecasting in the 1960s, faced criticism from both theorists and practitioners in the late 1970s. Concerns were raised about their lack of microeconomic foundations, ad hoc expectations models, identification issues, neglect of dynamics and non-stationarity, and subpar forecasting performance. By the early 1990s, the prominence of these models had sig…
Book Details
ISBN-13: | 9780199246496 |
---|---|
ISBN-10: | 0199246491 |
Series: | Advanced Texts in Econometrics |
Author: | Eilev S. Jansen, Gunnar Bårdsen, Øyvind Eitrheim, Ragnar Nymoen |
Publisher: | Oxford University Press |
Imprint: | Oxford University Press |
Format: | Hardcover |
Number of Pages: | 368 |
Release Date: | 14 April 2005 |
Weight: | 681g |
Dimensions: | 242mm x 163mm x 25mm |
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Critics Review
This book gives an excellent insight into the process of forming a high-quality, real-world macro-model then evaluating and using it. This is an important topic and makes this an important book. Clive W.J. Granger, Nobel Laureate
About The Author
Eilev S. Jansen
Gunnar Bårdsen is Senior Advisor at Norges Bank (Central Bank of Norway) and Associate Professor at the Norwegian University of Science and Technology in Trondheim. He has published papers in macroeconomics, monetary economics, and theoretical and applied econometrics.
Øyvind Eitrheim, b. 1958, has been Director of Research at Norges Bank since 2001. He has previously been Head of the Model Building Unit (1996-2001) at the central bank. He was a Visiting Scholar at University of California, San Diego (1990-1991). Eitrheim has been with Norges Bank since January 1984. He has published papers in macroeconomics, monetary economics, and theoretical and applied econometrics.
Eilev S. Jansen, b. 1948, is a Director at the Central Bank of Norway and a Professor at Department of Economics, Norwegian University of Science and Technology, Trondheim. He has previously been Head of the Model Building Unit (1983-1988) and Director of Research (1988-2001) at the central bank. He was a Visiting Scholar at London School of Economics (1975-76), University of California (1993-93,2003-04), and the European Central Bank, Frankfurt (2003). Other affiliations include Department of Economics, University of Oslo (1972-77, 2001-02) and Stastitics Norway (1978-82). He has published papers in international journals and books and he is a co-author of “The econometrics of incomplete time-series/cross-section data” (with Erik Biørn).
Ragnar Nymoen, b. 1957, is Professor at the Department of Economics, University of Oslo. He has published papers in macroeconomics and econometrics. In the period 1985-1996, he worked as an economist in the Research Department in Central Bank of Norway.
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