The US Model Workbook [download]
Table of Contents Preface 1. Introduction to Macroeconometric Models 1.1 Macroeconometric Models 1.2 Data 2. A Review of the US Model 2.1 Introduction and History 2.2 Tables of Variables and Equations 2.3 The Structure of the Model 2.4 Properties of the Model 2.5 Alternative Monetary Policy Assumptions 2.6 Important Things to Know About the Program 3. Historical Data 4. The National Income and Product Accounts and the Flow of Funds Accounts 4.1 National Income and Product Accounts 4.2 The Flow of Funds Accounts 5. Fiscal Policy Effects under Alternative Assumptions about Monetary Policy 5.1 Changes in Government Purchases of Goods 5.2 Other Fiscal Policy Variables 6. Monetary Policy Effects 7. Price Shocks and Stock Market Shocks 7.1 Price Shocks 7.2 Stock Market Shocks 8. Housing Price Shocks 9. Sensitivity of Results to the Fed's Weight on Inflation 10. Sensitivity of Results to the Interest Elasticity of Aggregate Expenditure 11. Sensitivity of the Results to the Specification of the Price Equation 12. Foreign Sector Effects 13. Other Possible Experiments 13.1 Combinations of Policies 13.2 Effects of Changing State and Local Government Variables 13.3 Imposing Rational Expectations on the Model 13.4 Making Major Changes to the Model 13.5 Supply Side Experiments 13.6 Counterfactual Experiments References