The work described in this volume is a continuation of my effort to try to improve the specification of macroeconomic models. The model presented in this volume is an empirical version of the theoretical model developed in Volume I. Three important features of the theoretical model that distinguish it from earlier models are that it is based on solid microeconomic foundations, it accounts explicitly for disequilibrium effects, and it accounts for all flows of funds in the system. These three features have been carried over to the empirical model.
Páginas : 235
Peso : 9mb.
Formato : PDF.
Edición : Primera
Año de Publicación :1976
ISBN : 0884102955
Editorial : Ballinger
Autor:Ray C. Fair
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