The Cambridge Multisectoral Dynamic Model

'The book does an excellent job of surveying its chosen topics … such a comprehensive treatment as this book provides has previously been lacking. Thus the book fills an important gap in the literature. It will no doubt be widely read and used. It should be useful both to individuals interested in these topics at a theoretical level and those interested in applications. In the latter regard, an excellent feature of the book is that it contains a lot of empirical examples.' Journal of the American Statistical Association

• List of tables; List of figures; Foreword; Preface; Conventions; 1. Introduction Terry Barker; Part I. The Model as a System: 2. Theory and method Terry Barker and William Peterson; 3. The accounting framework and the data Terry Barker and Martin Weale; 4. The complete model Terry Barker; 5. Estimation William Peterson; 6. Computer software for a large econometric model William Peterson; Part II. Different Economic Sectors of the Model: 7. Consumers' expenditure Vani Borooah; 8. Fixed investment William Peterson; 9. Stockbuilding Michael Landesmann; 10. Exports and imports Terry Barker; 11. Employment William Peterson; 12. The demand for energy William Peterson; 13. Industrial prices and profits Martin Weale; 14. Export and import prices Terry Barker; 15. Incomes policy and earnings Tony Lawson; 16. Social security benefits and personal income tax Don Sharpe; 17. The company sector Andrew Goudie, Geoffrey Meeks and Martin Weale; 18. Financial stocks and returns Martin Weale; 19. Sterling exchange rate Andrew Snell; Appendix; List of variables in MDM6; Bibliography; Index of authors; Index of subjects.