Abstract
Large macroeconometric models are frequently used to simulate the responses of endogenous variables to exogenous shocks. Because the models are complex, it is often difficult to predict the outcomes of such experiments, to explain the results in an intuitive way, or to determine why alternative models produce different results.
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Hickman, B.G. (2004). Analyzing the Simulation Properties of a Macroeconometric Model by Estimating Its Implicit AD-AS Structure. In: Gaab, W., Wolters, J., Heilemann, U. (eds) Arbeiten mit ökonometrischen Modellen. Studies in Contemporary Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-7908-2652-4_9
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DOI: https://doi.org/10.1007/978-3-7908-2652-4_9
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-0154-5
Online ISBN: 978-3-7908-2652-4
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