Recent Paper: March 16, 2009: "Using a Macroeconometric Model to Analyze the 2008-2009 Recession and Thoughts on Macroeconomic Forecastability"--- Recession Analysis.
Latest Update: February 5, 2009: The US model has been updated through 2008:4---see Forecast Memo. The latest version of the multicountry model is the MCD model. See below.
Macroeconometrics
This part of the site brings the power of large scale macroeconometric analysis to anyone with access to the internet. It is a resource for business forecasters, government policy analysts, macroeconomic researchers, teachers, and students. You can:
  • 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

Getting Started

The reading for the US model should be:

The additional reading for the MCA model should be:

The additional reading for the MCB model should be:

The additional reading for the MCC model should be:

The additional reading for the MCD model should be:

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 or MCD model, click "Solve" after the MCA or MCB or MCC or MCD 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 MCD Model (Solve)
The MCD Model Workbook: March 1, 2009 (pdf)
Appendix A: The US Part of the MCD Model: March 1, 2009 (pdf)
Appendix B: The ROW Part of the MCD Model: March 1, 2009 (pdf)
Forecast Memo
Download for own PC use

The Fair-Parke Program

Articles About the Site