Macroeconometric Modeling (MC2 Version) [no left menu]
Table of Contents Preface 1. Introduction 1.1 Background 1.2 The Cowles Commission Approach 1.3 The Real Business Cycle Approach 1.4 The New Keynesian Economics 1.5 Looking Ahead 2. Theory 2.1 One Country 2.1.1 Background 2.1.2 Household Behavior 2.1.3 Firm Behavior 2.1.4 Bank and Government Behavior 2.1.5 The Complete Model 2.2 Two Countries 2.2.1 Background 2.2.2 Notation 2.2.3 Equations 2.2.4 Closing the Model 2.2.5 Links in the Model 2.2.6 Properties of the Models 2.2.7 The Use of Reaction Functions 2.2.8 Further Aggregation 3. The Data, Variables, and Equations 3.1 Transition from Theory to Empirical Specifications 3.2 The US Model 3.2.1 The Tables (Tables A.1-A.9) 3.2.2 The Raw Data 3.2.3 Variable Construction 3.2.4 The Identities 3.2.5 The Stochastic Equations 3.3 The ROW Model 3.3.1 The Tables (Tables B.1-B.7) 3.3.2 The Raw Data 3.3.3 Variable Construction 3.3.4 The Identities 3.3.5 The Stochastic Equations 3.3.6 The Linking Equations 4. Estimating and Testing Single Equations 5. The Stochastic Equations of the US Model 5.1 Introduction 5.2 Household Expenditure and Labor Supply Equations 5.3 Money Demand Equations 5.4 The Main Firm Sector Equations 5.5 Other Firm Sector Equations 5.6 Financial Sector Equations 5.7 The Import Equation 5.8 Government Sector Equations 5.9 Interest Payment Equations 5.10 Additional Comments 6. The Stochastic Equations of the ROW Model 6.1 Introduction 6.2 Equation 1. M: Merchandise Imports 6.3 Equation 2. C: Consumption 6.4 Equation 3. I: Fixed Investment 6.5 Equation 4. Y: Production 6.6 Equation 5. PY: Price Index 6.7 Equation 6. M1: Money 6.8 Equation 7. RS: Short Term Interest Rate 6.9 Equation 8. RB: Long Term Interest Rate 6.10 Equation 9. E: Exchange Rate 6.11 Equation 10. F: Forward Rate 6.12 Equation 11. PX: Export Price Index 6.13 Equation 12. W: Wage Rate 6.14 Equation 13. J: Employment 6.15 Equation 14. L1: Labor Force-Men; Equation 15: L2: Labor Force-Women 6.16 The Trade Share Equations 6.17 Additional Comments 7. Estimating and Testing Complete Models 8. Estimating and Testing the US Model 9. Testing the MC Model 10. Analyzing Properties of Models 11. Analyzing Properties of the US Model 12. Analyzing Properties of the MC Model 13. Conclusion Bibliography Appendix A: Tables for the US Model (MC2 Version) Table A.1: The Six Sectors Table A.2: Variables in Alphabetical Order Table A.3: The Equations Table A.4: The Raw Data Variables Table A.5: Links between NIPA and FFA Table A.6: Construction of the Variables Table A.7: First Stage Regressors Table A.8: Solution under Alternative Monetary Policy Assumptions Table A.9: Cross Reference Chart Chapter 5 Tables: November 3, 1998 Equation 1 Equation 2 Equation 3 Equation 4 Equation 5 Equation 6 Equation 7 Equation 8 Equation 9 Equation 10 Equation 11 Equation 12 Equation 13 Equation 14 Equation 15 Equation 16 Equation 17 Equation 18 Equation 20 Equation 21 Equation 22 Equation 23 Equation 24 Equation 25 Equation 26 Equation 27 Equation 28 Equation 30 Appendix B: Tables for the ROW Model (MC2 Version) Table B.1: The Countries and Variables in the MM Model Table B.2: The Variables for a Given Country in Alphabetical Order Table B.3: The Equations for a Given Country Table B.4: Equations the Pertain to the Trade and Price Links Among Countries Table B.5: Links Between the US and ROW Models Table B.6: The Procedure Used to Create Quarterly Data from Annual Data Table B.7: Construction of the Balance of Payments Data: Data for S and TT Chapter 6 Tables: December 27, 1998 Equation 1: Estimates Equation 2: Estimates Equation 3: Estimates Equation 4: Estimates Equation 5: Estimates Equation 6: Estimates Equation 7: Estimates Equation 8: Estimates Equation 9: Estimates Equation 10: Estimates Equation 11: Estimates Equation 12: Estimates Equation 13: Estimates Equation 14: Estimates Equation 15: Estimates Equation 1: Tests Equation 2: Tests Equation 3: Tests Equation 4: Tests Equation 5: Tests Equation 6: Tests Equation 7: Tests Equation 8: Tests Equation 9: Tests Equation 11: Tests Equation 12: Tests Equation 13: Tests Equation 14: Tests Equation 15: Tests