Chapter

Introduction

Anthony Garratt, Kevin Lee, M. Hashem Pesaran and Yongcheol Shin

in Global and National Macroeconometric Modelling

Published in print August 2006 | ISBN: 9780199296859
Published online September 2006 | e-ISBN: 9780191603853 | DOI: http://dx.doi.org/10.1093/0199296855.003.0001
 Introduction

More Like This

Show all results sharing this subject:

  • Econometrics and Mathematical Economics

GO

Show Summary Details

Preview

This chapter introduces the long-run structural approach to modelling. It makes brief comparisons with the key alternative approaches, namely large-scale simultaneous equation models, unrestricted and structural VARs, dynamic stochastic general equilibrium models, and New Keynesian models. The strengths of the long-run structural modelling approach are summarized and the organization of the book is described.

Keywords: long-run structural models; large-scale simultaneous equation models; unrestricted VAR; structural VAR; dynamic stochastic general equilibrium models; DSGE; New Keynesian models

Chapter.  4094 words. 

Subjects: Econometrics and Mathematical Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.