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"A Mini Version of the US Model,"
In this paper I have reduced the US model to a smaller size.
This version, called "US mini," is a good approximation to the overall
US model in a number of important respects, although a number of features have
been left out. The income side has been substantially reduced; there is no
labor sector; and there is no wage-price sector, just a price equation.
US mini is thus not a replacement for the US model, but, as will be seen,
it is useful for making a number of points about the use of macro data.