Econometric Decision Models

New Methods of Modeling and Applications

AvJosef Gruber

Häftad, Engelska, 1991

Del i serien Lecture Notes in Economics and Mathematical Systems

552 kr

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Beskrivning

This volume contains 40 papers on econometric decision models. These are optimization models, the constraints of which consist, above all, of econometric equation systems. Based on macrodata or microdata, they are major instruments for studying economic and social policy at various levels of aggregation. The papers are arranged in 10 parts, with such topics as optimal control, multicriteria decision-making (vector optimization), constructing scalar-valued objective functions, rational expectations, models, co-integration estimation and testing, structural and sensitivity analyses, modelling of environmental and energy problems, and performance in policy analyses. Probably the most distinctive feature of this proceedings volume is that it also contains reports about several attempts to construct scalar-valued objective functions by means of economic methods.

Produktinformation

Utgivningsdatum:1991-08-28
Mått:178 x 254 x undefined mm
Vikt:1 199 g
Format:Häftad
Språk:Engelska
Serie:Lecture Notes in Economics and Mathematical Systems
Antal sidor:636
Förlag:Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN:9783540543732

Utforska kategorier

Mikroekonomi inom Ekonomi och Ledarskap

Innehållsförteckning

1: Econometric Decision Models: Introduction to the Conference and Survey of Some Recent Developments.- 1. Introduction to the conference on econometric decision models: for better balanced research and more interdisciplinary and international cooperation.- 2. Some recent developments in policy making with macroeconometric models.- 2: Optimal Control of Econometric Decision Models.- 3. Optimal stabilization with a macroeconometric model for Hungary: investigating the effects of different objective functions and time horizons.- 4. On causality and control in economic systems.- 5. Optimal control of nonlinear stochastic macroeconometric models: an algorithm and an economic example.- 6. Game theoretical approach to optimal control of economic systems.- 7. Nonlinear optimal control simulations of development strategies.- 8. On some properties of the solution of the optimal control problem for the original long-term macroeconomic model.- 3: Multiple Criteria Decision Making (Vector Optimization) with Econometric Models.- 9. Implementing the reference-point approach to multi-criteria decision making in econometric models in the computerprogram LOS.- 10. Optimal economic policy making with an econometric model using interactive methods of vector optimization.- 4: Constructing Objective Scalarvalued Functions for Econometric Decision Models.- 11. Public preferences and their role in the design of economic policy.- 12. Least squares estimation of quadratic preference functions for econometric decision models based on survey data.- 13. Operationalizing a macro-economic preference function.- 14. On constructing objective functions.- 15. Optimal dictatorial and multi-dictatorial choice in Arrow’s model with applications to multicriteria decision making.- 5: Rational and AdaptiveExpectations Models.- 16. Rational versus adaptive expectations in present value models.- 17. The Finnish rational expectations QMED model: estimation, dynamic properties and policy results.- 18. Qualms about the linearized expectations hypothesis and variance-bounds studies of the interest rate term structure.- 6: Cointegration: Estimators, Tests and Applications.- 19. The power function of the likelihood ratio test for cointegration.- 20. Long-run relations in a well-defined statistical model for the data generating process. Cointegration analysis of the PPP and the UIP relations for Denmark and Germany.- 21. Interest rate linkages between EC countries participating in the European monetary system: an application of cointegration.- 7: Econometric Estimators and Tests for Various Models and Their Properties.- 22. Estimating the second moments of random coefficients.- 23. Tighter bounds for the effects of ARMA disturbances on tests for regression coefficients.- 24. True vs. nominal size of the F-test in the linear regression model with autocorrelated disturbances.- 25. Asymptotic and small-sample properties of the fixpoint-estimator for rational expectations models.- 26. The analysis of non-metric endogenous variables in latent variable models: The MECOSA approach.- 27. Econometric modelling with interval coefficients — a non-stochastic approach.- 8: Analyzing the Structure and Sensitivity of Econometric Models.- 28. Optimal triangulation of a matrix and a measure of interdependence for a linear econometric equation system.- 29. Evaluating the number of zero eigenvalues in a dynamic model.- 30. Forecast and multiplier sensitivity analysis with respect to changes of structural equations and submodels in dynamic systems.- 31. Structural sensitivity analysis ineconometric models: an application to the model of the West Germany textile and apparel industry.- 9: Econometric Modeling of Environmental and Energy Problems.- 32. The optimum price of energy: a thermoeconomic analysis.- 33. Energy resources depletion and economic growth.- 34. Econometric methods as an instrument for estimating external costs per unit of emission: the case of a groundwater model.- 10: Econometric Models of Countries, Markets Etc., Based on Microdata and Macrodata, and Their Performance in Policy Analyses.- 35. Microeconometric research at the Sonderforschungsbereich 3.- 36. Income and price policy making with an econometric model of financial incomes and expenditures of Poland’s population.- 37. Keynesian or classical unemployment in West Germany? — an empirical analysis with a disequilibrium model.- 38. A macroeconometric disequilibrium model for Poland.- 39. Evaluating econometric models: the 1988 forecast of the RWI-business cycle model in retrospect.- 40. The macroeconometric model of the Deutsche Bundesbank — a brief review.- Alphabetical list of authors.