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"The book discusses an empirically-based approach to constructing macroeconomic models"--

An empirical approach to constructing macroeconomic models. Macroeconomic Modeling presents an empirically based approach to the construction of macroeconomic models—the Cowles Commission approach—as a response to the backlash that has taken place since the late 1970s to this methodology. The emphasis in the literature has been on tightly specified theoretical models, which lack realism. In this book, Ray C. Fair develops models to analyze a variety of issues and events in macroeconomics and the US economy, and he explains the econometric techniques needed to estimate those models. Many of the results are either contrary to results from the theoretical models or cannot be examined by the theoretical models because they omit many important features of the economy. Fair covers a broad range of topics, including inflation and unemployment, the size of wealth effects, the behavior of the Federal Reserve and its effects on the economy, the effects of fiscal policy, Okun’s law, and contractions and expansions. Macroeconomic Modeling will appeal equally to graduate students and researchers as well as macroeconomic policy makers.

Fair R: Macroeconomic Modeling

Macroeconomic Modeling

The Cowles Commission Approach

1 Part I: Introduction 1 Why This Book? 2 Macro Data 3 The Econometrics 4 Part II: The US Model 4 Specification and Estimation of the US Model 5 Constructed Variables 6 Identities 7 Exogenous Variables 8 Solution 9 Part III: Analysis of the US Model 9 Size of Wealth Effects 10 Size of Fed’s Effect on Output, Unemployment, and Inflation 11 Changes in Fed’s Behavior Since 2008 12 Effects of Inflation Shocks 13 Size of Government Spending Multipliers 14 Okun’s Law 15 Explaining Contractions and Expansions 16 Part IV: Models with Rational Expectations–optional. 17 Part V: Multicountry Econometric Models–optional 18 Part VI: Further Material–optional 19 Appendix 20 References

Economics as Social Theory

Experiencing the Market explores the often-neglected phenomenon of 'the market' as individuals actually experience it by focusing on the culture, sociality and morality of markets. This thought-provoking and engagingly-written book will ensure that markets are given their due prominence in the future study of economics.

Experiencing the Market explores the often-neglected phenomenon of 'the market' as individuals actually experience it by focusing on the culture, sociality and morality of markets. This thought-provoking and engagingly-written book will ensure that markets are given their due prominence in the future study of economics.

Understanding Commercial Life

The objective of a business continuity plan is to ensure that your business will be able to continue operating in the event of a disruption in service caused by a natural or man-made incident. This book provides a framework for businesses to assess their general and specific risks, determine measures to counter these risks, and establish a business continuity plan that will work regardless of the type of disruptive event. Written by a leading expert in the field, this text is a must-read for experienced professionals as well as those just starting out.

The objective of a business continuity plan is to ensure that your business will be able to continue operating in the event of a disruption in service caused by a natural or man-made incident. This book provides a framework for businesses to assess their general and specific risks, determine measures to counter these risks, and establish a business continuity plan that will work regardless of the type of disruptive event. Written by a leading expert in the field, this text is a must-read for experienced professionals as well as those just starting out.

How to Build an End to End Business Continuity Program

Amartya Sen - who was awarded the Nobel Prize for Economic Science in 2003 - is one of the leading economists of his generation. The important new book provides an exposition and assessment of Amartya Sen's socio-economics, both positive and especially normative, including his contributions to welfare economics, ethics and the theory-and-policy approach of 'human development'. The exposition and assessment will include discussion of the historical and intellectual contexts. The book also analyzes Sen's contributions to philosophy, the second field in which Sen has published and held appointments.

@text Amartya Sen - who was awarded the Nobel Prize for Economic Science in 2003 - is one of the leading economists of his generation. He is best known for his deep critique of the liberal and utilitarian inheritances in economics, including the treatment (or neglect) of values and value-judging in public contexts; and his construction of a partial alternative, including entitlements analysis, the capabilities approach and, extending from those two, an integrative development philosophy centered on the direct and instrumental values of freedom and democracy. The important new book provides an exposition and assessment of Amartya Sen’s socio-economics, both positive and especially normative, including his contributions to welfare economics, ethics and the theory-and-policy approach of ‘human development’. The exposition and assessment will include discussion of the historical and intellectual contexts. The book also analyzes Sen's contributions to philosophy, the second field in which Sen has published and held appointments.

On Freedom, Capability and Entitlement

The Socioeconomics of Amartya Sen

The Economics of Legal Relationships

The author of more than 50 books and 150 articles, Richard Posner is one of the most cited legal scholars of the 20th century. His sometimes controversial views are incredibly complex, but are unified by the use of economics to analyze law and legal phenomena. This book offers an innovative and highly original guide to Posner's economic analysis of law.

The author of more than 50 books and 150 articles, Richard Posner is one of the most cited legal scholars of the 20th century. His sometimes controversial views are incredibly complex, but are unified by the use of economics to analyze law and legal phenomena. This book offers an innovative and highly original guide to Posner's economic analysis of law.

A Guide to Posner's Economic Analysis of Law

Routledge Studies in the European Economy

This book explores the interrelationship between neoliberal economic policies within the European Union (EU), particularly across Eurozone countries, and the decline in social cohesion exemplified by the rise in support for political parties of the extreme right.

This book explores the interrelationship between neoliberal economic policies within the European Union (EU), particularly across Eurozone countries, and the decline in social cohesion exemplified by the rise in support for political parties of the extreme right.

European Economic Integration and Social Cohesion

Perspectives in Economic and Social History

Prostitution in Los Angeles has a long history. The story of its evolution from a red-light district run by women to a corporate vice industry dominated by men tells us much about the development of urban America. Kooistra examines race and gender dynamics alongside issues of government and police corruption, commerce and larger changes in society.

Prostitution in Los Angeles has a long history. The story of its evolution from a red-light district run by women to a corporate vice industry dominated by men tells us much about the development of urban America. Kooistra examines race and gender dynamics alongside issues of government and police corruption, commerce and larger changes in society.

Gender and the Business of Prostitution in Los Angeles, 1850–1940

Introduction to Quantitative Economics

A Process Roadmap for Distinctive Products and Services

Differentiation by Design

The world's leading Marxist geographer and economist takes us by the hand to guide us through Marx's masterwork

What Everyone Should Know About How Capital Works

The Story of Capital

Routledge Frontiers of Political Economy

Innovative and cutting-edge, this book proposes an alternative philosophical framework for economics which will reconfigure economics and social theory as historical disciplines that analyze successive standardizations of social practices.

Innovative and cutting-edge, this book proposes an alternative philosophical framework for economics which will reconfigure economics and social theory as historical disciplines that analyze successive standardizations of social practices.

Economics and Social Theory

Macroeconomic Modeling

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