• Work with a U.S. macroeconometric model or a multicountry econometric model to forecast, do policy analysis, and examine historical episodes. For example, you can change government policy variables and examine the estimated effects of the changes.
• Table and graph online and/or download all or part of the historical data, forecast data, and data you may have created.
• Read online and/or download all the documentation, memos, and papers.
• Download for use on your own computer the Fair-Parke (FP) program and the models.

The Models

• The US model is the latest update of the "US" model in Estimating How the Macroeconomy Works. The estimates and complete specification of the latest update are presented in Appendix A: The US Model: July 31, 2008 (pdf). The workbook that goes with this version is The US Model Workbook.
• The MCA model is the exact "MC" model in Estimating How the Macroeconomy Works. This book is the complete reference for the MCA model. The workbook that goes with this version is The MCA Model Workbook (pdf). The experiments in this workbook duplicate results in the book.
• The MCB model is the version of the "MC" model used for the results in "Policy Effects in the Post Boom U.S. Economy". The estimates and complete specification of this version are presented in Appendix A: The US Part of the MCB Model: October 29, 2004 (pdf) and Appendix B: The ROW Part of the MCB Model: October 29, 2004 (pdf). The workbook that goes with this version is The MCB Model Workbook: October 29, 2004 (pdf). The experiments in this workbook duplicate results in the paper.
• The MCC model is the version of the "MC" model used for the results in "Evaluating Inflation Targeting Using a Macroeconometric Model" and "A Comparison of Five Federal Reserve Chairmen: Was Greenspan the Best?". The estimates and complete specification of this version are presented in Appendix A: The US Part of the MCC Model: April 28, 2006 (pdf) and Appendix B: The ROW Part of the MCC Model: August 1, 2006 (pdf). The workbook that goes with this version is The MCC Model Workbook: August 1, 2006 (pdf). The experiments in this workbook duplicate results in the papers.

Getting Started

The reading for the US model should be:

• What are the models and why use them over commercial models?
• Do I need to register?
• About US Model User Datasets.
• Taking EX and PIM as exogenous: this is only for advanced users.
• The US Model Workbook: read the Preface and then decide what else you need to read.

The additional reading for the MCA model should be:

• Estimating How the Macroeconomy Works: at least skim this.
• About MCA Model User Datasets.
• The MCA Model Workbook (pdf) : Chapter 1.

The additional reading for the MCB model should be:

• Estimating How the Macroeconomy Works: at least skim this.
• About MCB Model User Datasets.
• The MCB Model Workbook: October 29, 2004 (pdf): Chapters 1 and 2.

The additional reading for the MCC model should be:

• Estimating How the Macroeconomy Works: at least skim this.
• About MCC Model User Datasets.
• The MCC Model Workbook: August 1, 2006 (pdf) : Chapters 1 and 2.

When you are ready to use the US model, click "Solve current version or previous version" after US Model below, and when you are ready to use the MCA or MCB or MCC model, click "Solve" after the MCA or MCB or MCC model below.

The US Model (Solve current version or versions dated October 31, 2005, and forward)
(Solve versions dated July 30, 2005, and back)
Appendix A (pdf)
Forecast Memo
Forecast Record
Download for own PC use

The MCA Model (Solve)
The MCA Model Workbook (pdf)
Appendices A and B in Estimating How the Macroeconomy Works
Forecast Memo
Download for own PC use

The MCB Model (Solve)
The MCB Model Workbook: October 29, 2004 (pdf)
Appendix A: The US Part of the MCB Model: October 29, 2004 (pdf)
Appendix B: The ROW Part of the MCB Model: October 29, 2004 (pdf)
Forecast Memo
Download for own PC use

The MCC Model (Solve)
The MCC Model Workbook: August 1, 2006 (pdf)
Appendix A: The US Part of the MCC Model: April 28, 2006 (pdf)
Appendix B: The ROW Part of the MCC Model: August 1, 2006 (pdf)
Forecast Memo
Download for own PC use

The Fair-Parke Program

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