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A Model of Macroeconomic Activity. Volume II: The Empirical Model, Ballinger Publishing Co., 1976.

Book: pfd files: whole book (11,046KB), toc,preface,bib,index , chapter 1 , chapter 2 , chapter 3 , chapter 4 , chapter 5 , chapter 6 , chapter 7 , chapter 8 , chapter 9 , chapter 10 , chapter 11 , appendix A , appendix B

This book presents the first specification of my US model. The theory in 1974#5 is used to guide the specification. The latest version of the US model is on the website--see The US Model.

The "FIML" estimates of the US model that are presented in this book are not the true FIML estimates. Later work showed that the maximum of the likelihood function had not be obtained. This is discussed in footnote 1 in 1980#3.