Econometric Modelling Techniques and Applications [Hardcover]

The latest techniques used in modelling the economy with policy analysis and applications.Macroeconomic modelling has been one of the most important and influential areas of economic research. This book presents contributions from the leading researchers working in this area as part of the ongoing research project sponsored by the Economic and Social Research Council, Bank of England and UK Treasury. The papers combine a description of the latest techniques used in modelling the economy with an account of the way that models can be used for purposes of policy analysis. Designed for use by advanced students and professional economists.Macroeconomic modelling has been one of the most important and influential areas of economic research. This book presents contributions from the leading researchers working in this area as part of the ongoing research project sponsored by the Economic and Social Research Council, Bank of England and UK Treasury. The papers combine a description of the latest techniques used in modelling the economy with an account of the way that models can be used for purposes of policy analysis. Designed for use by advanced students and professional economists.Macroeconomic modeling has been one of the most important and influential areas of economic research. This book presents contributions from the leading researchers working in this area as part of the ongoing research project sponsored by the Economic and Social Research Council, Bank of England and UK Treasury. The papers combine a description of the latest techniques used in modeling the economy with an account of the way that models can be used for purposes of policy analysis. It is designed for use by advanced students and professional economists.List of contributors; 1. Introduction Sean Holly and Martin Weale; 2. Economic forecasting in the face of structural breaks David F. Hendry and Michael P. Clements; 3. The Treasury's forecasts of GDP and the RPI: how have they changed and what are thl3U