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Author : Laurence H. Meyer
Publisher : Unknown
Page : 620 pages
File Size : 55,8 Mb
Release : 1980
Category : Business & Economics
ISBN : UOM:49015002547769
Author : Lawrence A. Boland
Publisher : Cambridge University Press
Page : 297 pages
File Size : 51,5 Mb
Release : 2014
Category : Business & Economics
ISBN : 9781107032941
"Concern about the role and the limits of modeling has heightened after repeated questions were raised regarding the dependability and suitability of the models that were used in the run-up to the 2008 financial crash. In this book, Lawrence Boland provides an overview of the practices of and the problems faced by model builders to explain the nature of models, the modeling process, and the possibility for and nature of their testing. In a reflective manner, the author raises serious questions about the assumptions and judgments that model builders make in constructing models. In making his case, he examines the traditional microeconomics-macroeconomics separation with regard to how theoretical models are built and used and how they interact, paying particular attention to the use of equilibrium concepts in macroeconomic models and game theory and to the challenges involved in building empirical models, testing models, and using models to test theoretical explanations. Lawrence Boland has been teaching at Simon Fraser University since 1966. He has also taught at the University of Wisconsin-Milwaukee and was a visiting professor in the department of economics at Boston University. At Capilano College and Vancouver Community College, he taught introductorysociology. He is a Fellow of the Royal Society of Canada. Dr. Boland has published six books on economic methodology, including The Foundations of Economic Method: A Popperian Perspective (2003); The Principles of Economics: Some Lies My Teachers Told Me(1992); and The Methodology of Economic Model Building: Methodology after Samuelson (1989)"--
Author : Lawrence A. Boland
Publisher : Routledge
Page : 209 pages
File Size : 49,9 Mb
Release : 2014-05-01
Category : Business & Economics
ISBN : 9781317680963
The major methodological task for modern economists has been to establish the testability of models. Too often, however, methodological assumptions can make a model virtually impossible to test even under ideal conditions, yet few theorists have examined the requirements and problems of assuring testability in economics. In The Methodology of Economic Model Building, first published in 1989, Lawrence Boland presents the results of a research project that spanned more than twenty years. He examines how economists have applied the philosophy of Karl Popper, relating methodological debates about falsifiability to wider discussions about the truth status of models in natural and social sciences. He concludes that model building in economics reflects more the methodological prescriptions of the economist Paul Samuelson than Popper’s ‘falsificationism’. This title will prove invaluable to both students and researchers, and represents a substantial contribution to debates about the scientific status of economics.
Author : Christopher Allen,Chris Allen,Stephen Hall
Publisher : Unknown
Page : 362 pages
File Size : 55,9 Mb
Release : 1997-02-12
Category : Business & Economics
ISBN : UOM:39015040648134
Macroeconomic Modelling in a Changing World Towards a Common Approach Edited by Chris Allen and Stephen Hall Practical economic model building has changed enormously over the last twenty years. Econometrics has become much more sophisticated with the introduction of cointegration and non-stationary time series analysis. The use of economic theory in the form of complex non-linear cross equation restrictions is now much more widespread and the explicit modelling of expectations and credibility effects is more satisfactory. This has meant that the old style macroeconomic models which were complex by virtue of their size alone have been replaced by a generation of new models which embody complex theory and estimation to provide more superior forecasting and policy tools. Macroeconomic Modelling in a Changing World outlines the modelling approach which has been adopted at the Centre for Economic Forecasting at the London Business School, one of the world’s leading research institutes into macroeconomic modelling, in building its own models. Using explicit examples and illustrations, the authors examine the latest state-of-the-art models, and answer questions such as: How are modern econometrics used by model builders? How should we deal with structural change? How should expectations be modelled? How are models used in practice? Economics
Author : Frank Neal,Sir Robert Minshull Shone
Publisher : Palgrave
Page : 198 pages
File Size : 46,8 Mb
Release : 1976
Category : Economics
ISBN : UOM:39076005318428
Textbook on the theoretics and methodology of economic model construction - discusses the use of the scientific method and creative thinking in the construction of dynamic models (incl. Economic policy models amd econometrics models), etc. One-page bibliography.
Author : Arne Drud
Publisher : Unknown
Page : 84 pages
File Size : 43,6 Mb
Release : 1985
Category : Macroeconomics
ISBN : IND:30000035488547
Author : Alessandro Caiani,Alberto Russo,Antonio Palestrini,Mauro Gallegati
Publisher : Springer
Page : 205 pages
File Size : 48,5 Mb
Release : 2016-09-21
Category : Business & Economics
ISBN : 9783319440583
This book offers a practical guide to Agent Based economic modeling, adopting a “learning by doing” approach to help the reader master the fundamental tools needed to create and analyze Agent Based models. After providing them with a basic “toolkit” for Agent Based modeling, it present and discusses didactic models of real financial and economic systems in detail. While stressing the main features and advantages of the bottom-up perspective inherent to this approach, the book also highlights the logic and practical steps that characterize the model building procedure. A detailed description of the underlying codes, developed using R and C, is also provided. In addition, each didactic model is accompanied by exercises and applications designed to promote active learning on the part of the reader. Following the same approach, the book also presents several complementary tools required for the analysis and validation of the models, such as sensitivity experiments, calibration exercises, economic network and statistical distributions analysis. By the end of the book, the reader will have gained a deeper understanding of the Agent Based methodology and be prepared to use the fundamental techniques required to start developing their own economic models. Accordingly, “Economics with Heterogeneous Interacting Agents” will be of particular interest to graduate and postgraduate students, as well as to academic institutions and lecturers interested in including an overview of the AB approach to economic modeling in their courses.
Author : Ronald G. Bodkin,Lawrence Robert Klein,Kanta Marwah
Publisher : Aldershot, Hants, England : E. Elgar
Page : 600 pages
File Size : 51,7 Mb
Release : 1991
Category : Business & Economics
ISBN : STANFORD:36105034793682
This major book presents, for the first time, an authoritative history of developments in macroeconometric modelling since the 1930s. It focuses in particular on the construction of mathematico-statistical models of entire economies, estimated from national accounts and other macroeconomic data. International and comparative in scope, the book contains chapters prepared by specialists from the different countries concerned. This landmark book is indispensable to an understanding of the history and development of large scale econometric models of modern economies.
Author : Domenico Gatti,Edoardo Gaffeo,Mauro Gallegati,Gianfranco Giulioni,Antonio Palestrini
Publisher : Springer Science & Business Media
Page : 120 pages
File Size : 46,8 Mb
Release : 2008-12-05
Category : Science
ISBN : 9788847007253
This valuable book contributes substantively to the current state-of-the-art of macroeconomics. It provides a method for building models in which business cycles and economic growth emerge from the interactions of a large number of heterogeneous agents. Drawing from recent advances in agent-based computational modeling, the authors show how insights from dispersed fields can be fruitfully combined to improve our understanding of macroeconomic dynamics.
Author : David F. Spigelman
Publisher : Createspace Independent Pub
Page : 88 pages
File Size : 49,8 Mb
Release : 2010-02-08
Category : Business & Economics
ISBN : 1450569781
"Macroeconomics: Principles and Practices" is a unique text/study guide designed for an introductory college-level course in macroeconomics. It follows a model-building approach aimed at understanding the reality of the US and other economies. In the final chapter, case studies are presented that allow the student to test the basic model of the economy in real world case histories. The student learns to critique monetary and fiscal policy and understand how policy is made.
Author : Mark Skousen
Publisher : Routledge
Page : 588 pages
File Size : 48,9 Mb
Release : 2022-01-04
Category : Business & Economics
ISBN : 9781000525359
The Making of Modern Economics presents a bold and engaging history of economics—the dramatic story of how the great economic thinkers built today's rigorous social science. This comprehensive yet accessible introduction to the major economic philosophers begins with Adam Smith and continues through to the present day. It examines the contributions each one made to our understanding of the role of the economist, the science of economics and economic theory. Boxes in each chapter highlight little-known and entertaining facts about the economists' personal lives that had an influence on their work. The fourth edition adds coverage of modern monetary theory, the COVID-19 pandemic, climate change, minimum wage debates, Schumpeter and socialism, Malthus and immigration, and more. The Making of Modern Economics is a valuable, engaging text for courses in the history of economic thought and political economy.
Author : Carl Chiarella,Peter Flaschel,Willi Semmler
Publisher : Routledge
Page : 422 pages
File Size : 54,6 Mb
Release : 2012-03-29
Category : Business & Economics
ISBN : 9781136650369
This book represents the first of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. It questions in a radical way the evolution of Keynesian macroeconomics after World War II and focuses on the limitations of the traditional Keynesian approach until it fell apart in the early 1970s, as well as the inadequacy of the new consensus in macroeconomics that emerged from the Monetarist critique of Keynesianism. Professors Chiarella, Flaschel and Semmler investigate basic methodological issues, the pitfalls of the Rational Expectations School, important feedback channels in the tradition of Tobin’s work, and theories of the wage-price spiral and the evidences for them. The book uses primarily partial approaches, the integration of which will be the subject of subsequent volumes. With its focus on Keynesian propagation mechanisms, the research in this book provides a unique alternative to the black-box shock-absorber approaches that dominate modern macroeconomics. Reconstructing Keynesian Macroeconomics should be of interest to students and researchers who want to look at alternatives to the mainstream macrodynamics that emerged from the Monetarist critique of Keynesianism.
Author : Morris Altman
Publisher : Edward Elgar Publishing
Page : 533 pages
File Size : 52,9 Mb
Release : 2023-03-02
Category : Business & Economics
ISBN : 9781839107948
This comprehensive Handbook addresses a wide variety of methodological approaches adopted and developed by behavioural economists, exploring the implications of such innovations for analysis and policy.
Author : Willi Semmler
Publisher : Routledge
Page : 237 pages
File Size : 53,6 Mb
Release : 2004-08-02
Category : Business & Economics
ISBN : 9781135993801
This book pulls together papers presented at a conference in honour of the 1981 Nobel Prize Winner for Economic Science, the late James Tobin. Among the contributors are Olivier Blanchard, Edmund Phelps, Charles Goodhart and Marco Buti. One of the main aims of the conference was to discuss what potential role monetary policy has on economic activity and unemployment reduction in three key currency zones - the United States, European Union and Japan.
Author : H. Folmer,E.C. van Ierland
Publisher : Elsevier
Page : 258 pages
File Size : 41,7 Mb
Release : 1989-05-01
Category : Business & Economics
ISBN : 0080874959
This volume considers, in depth, some valuation methods and aspects of cost benefit analysis, and policy making in environmental economics. Part I contains a number of contingent valuation studies for non-market assets. Part II consists of contributions on the valuation of health and life, and deals with the benefits of reduced morbidity from air pollution control. In Part III, cost benefit analysis for environmental policy-making is discussed in a disequilibrium setting, and in a macroeconomic context. Finally, Part IV deals with aspects of policy-making, particularly benefit estimation for complex policies, and the international aspects of transboundary air pollution in Europe. The book should not only appeal to students and researchers in university departments of economics and ``environmental sciences'' but also to those working in public organisations and associated advisory institutes which are concerned with environmental problems.