Analyzing the Simulation Properties of a Macroeconometric Model by Estimating Its Implicit AD-AS Structure

  • Bert G. Hickman
Part of the Studies in Contemporary Economics book series (CONTEMPORARY)


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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Copyright information

© Springer-Verlag Berlin Heidelberg 2004

Authors and Affiliations

  • Bert G. Hickman
    • 1
  1. 1.Department of EconomicsStanford UniversityStanfordUSA

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