Titlebook: Introducing Macroeconomic Modelling: An Econometric Study of the United Kingdom; P. Arestis,G. Hadjimatheou Textbook 1982Latest edition Ma

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https://doi.org/10.1007/978-1-349-86084-5econometrics; macroeconomics; modeling; modeling

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HALL

Economic Modelling,tion models for policy analysis and forecasting. A model in this context is broadly defined as a system of interdependent quantitative relations. Various types of relationships are considered: ., which constitute attempts to describe certain aspects of economic agents’ behaviour; ., an example of wh

無關(guān)緊要

,Consumers’ Expenditure,riod 1950–78, for between 60 and 65 per cent of gross national product. Furthermore, it is the most stable element of national expenditure and certainly much more predictable than investment or imports. Following Keynes’s treatment of consumption. as a component of effective demand in his general th

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Investment and Stockbuilding,ination of national output. This is so despite the fact that consumers’ expenditure constitutes a much higher share of GDP than private investment. For the period 1955–78, for example, the size of the latter was never more than a fifth of consumers’ expenditure. The main reason for this view on inve

AGOG

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Inflation and Unemployment,ns the only, definition. In the ‘quantity theory’ tradition inflation is defined as an increase in the quantity of money at a faster rate than the increase in real national product; in the ‘Keynesian’ tradition inflation is often defined as an excess of aggregate demand over full-employment supply.