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The Econometrics of Macroeconomic Modelling [Repost]

Posted By: Free butterfly
Date: 24 Apr 2017 04:36:44
The Econometrics of Macroeconomic Modelling [Repost]

The Econometrics of Macroeconomic Modelling by Gunnar Bårdsen
English | 20 Apr. 2005 | ISBN: 0199246505, 0199246491 | 360 Pages | PDF | 1 MB

Macroeconometric models, in many ways the flagships of the economist's profession in the 1960s, came under increasing attack from both theoretical economist and practitioners in the late 1970s. Critics referred to their lack of microeconomic theoretical foundations, ad hoc models of expectations, lack of identification, neglect of dynamics and non-stationarity, and poor forecasting properties.

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