The Econometrics of Macroeconomic Modelling

”…strongly recommended to anyone interested in applied macroeconomics…definitively deserves to be one of the tools in the toolbox.” Jesper Linde, Scandinavian Journal of Economics 2005 The book is definitely worth not only buying but also reading…The book successfully bridges the gapbetween economic theory and relevant econometric applications. Costas Milas, International Journal of Forecasting. 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

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 has been a Visiting Scholar at London School of Economics (1975-76), University of California (1993-93,2003-04), and the European Central Bank, Frankfurt (2003). Otheraffiliations 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). 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 ModelBuilding Unit (1996-2001) at the central bank. He has been a Visiting Scholar at University of California, San Diego (1990-1991). Eitrheim has been with Norges Bank since January 1984. He has published papers inmacroeconomics, monetary economics, and theoretical and applied econometrics. 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 economists in the Research Department in Central Bank of Norway.