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"A Comparison of the Michigan and Fair Models," (with L. Alexander), in Lawrence R. Klein (ed.), Comparative Performance of U.S. Econometric Models, Oxford University Press, 1991, 168-197.
pdf file (1,303KB).



The method presented in 1980#1 is used to compare the Michigan model and the US model in this paper. A follow up paper (even though it was published earlier) is 1986#2, where individual equations of the models are examined separately.