An Econometric Model of the US Economy Structural Analysis in 56 Equations

An Econometric Model of the US Economy Structural Analysis in 56 Equations / by John J. Heim.

This book explores the US economy from 1960 to 2010 using a more Keynsian, Cowles model approach, which the author argues has substantial advantages over the vector autoregression (VAR) and dynamic stochastic general equilibrium (DSGE) models used almost exclusively today. Heim presents a robust arg...

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Bibliographic Details
Main Author: Heim, John J. (Author)
Corporate Author: SpringerLink (Online service)
Format: eBook
Language:English
Published: Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2017.
Edition:1st ed. 2017.
Series:Springer eBook Collection.
Subjects:
Econometrics.
Macroeconomics.
Regional economics.
Spatial economics.
Electronic resources (E-books)
Online Access:Click to view e-book
Holy Cross Note:Loaded electronically.
Electronic access restricted to members of the Holy Cross Community.
Table of Contents:
  • 1. Introduction to Part 1 (Production of the GDP)
  • 2. Methodology
  • 3. Literature Review
  • 4. The Consumption Models
  • 5. Models Indicating Determinants of Investment Spending and Borrowing
  • 6. The Exports Demand Equation
  • 7. Statistically Estimated Real GDP Determination Functions ("IS" Curves)
  • 8. Real GDP Determination Functions (“IS” Curves) Aggregated from Estimates Obtained by Statistically Estimating the Subcomponent Functions Comprising the GDP
  • 9. Determinants of the Prime Interest Rate: Taylor Rule Method
  • 10. Determinants of the Prime Interest Rate: LM Curve Method
  • 11. Determinants of Inflation: The Phillips Curve Model
  • 12. Determinants of Unemployment
  • 13. The Savings Functions
  • 14. Determinants of Government Receipts
  • 15. Edogeneity of Government Spending
  • 16. Capacity of the Model to Explain Behavior of the Macroeconomy in the Years beyond the Period Used to Estimate the Model
  • 17. Converting the Older Keynsian IS-LM Model to the More Modern AS-AD Interpretation of the Kenysian Model
  • 18. Dynamics
  • 19. Summary and Conclusions (Production Side of the NIPA Accounts)
  • 20. Part II: Determinants of Factor Shares (Income Side of the NIPA Accounts).

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