Finance and Economics Discussion Series: A Guide to Frb/Us: A Macroeconomic Model of the United States

FRB/US is a large-scale quarterly econometric model of the U.S. economy, developed to replace the MPS model....
€31,12 EUR
€31,12 EUR
SKU: 9781288722129
Product Type: Books
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Author: F. Brayton
Format: Paperback
Language: English
Subtotal: €31,12
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Finance and Economics Discussion Series: A Guide to Frb/Us: A Macroeconomic Model of the United States by Brayton, F.

Finance and Economics Discussion Series: A Guide to Frb/Us: A Macroeconomic Model of the United States

€31,12

Finance and Economics Discussion Series: A Guide to Frb/Us: A Macroeconomic Model of the United States

€31,12
Author: F. Brayton
Format: Paperback
Language: English
FRB/US is a large-scale quarterly econometric model of the U.S. economy, developed to replace the MPS model. Most behavioral equations are based on specifications of optimizing behavior containing explicit expectations of firms, households, and financial markets. Although expectations are explicit, the empirical fits of the structural descriptions of macroeconomic behavior are comparable to those of reduced-form time series models. In most instances, tests do not reject overidentifying restrictions of rational expectations or the hypothesis of serially independent residuals. As modeled, private sector expectations of policy constitute a major transmission channel of monetary policy.

Author: F. Brayton
Publisher: Bibliogov
Published: 02/06/2013
Pages: 50
Binding Type: Paperback
Weight: 0.24lbs
Size: 9.69h x 7.44w x 0.10d
ISBN: 9781288722129

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