Methods for applied macroeconomic research
This book attempts to bring together dynamic theoretical equilibrium theory, data, analysis, and advanced econometeric and computational methods to provide a comprehensive set of techniques that can be used to address questions of interest to academics, business and central bank economists in the fields of macroeconomics, business cycle analysis, growth, monetary, financial, and international economics. The point of view taken is one of an applied economist facing time-series data (at times a panel of them, coming from different countries), who is interested in verifying the prediction of dynamic theories, in advising model builders and theorists on how to respecify existing constructions to obtain a better match between the model and the data and in drawing policy conclusions from exercises. The book illustrates a number of techniques which can be used to address the questions of interest, agnostically evaluates their usefulness in bringing out information relevant to the users, provides examples where the methods work and others where they do not, and points out problems when approaches developed for microeconomic data are used in time series frameworks
Print Book, English, ©2007
Princeton University Press, Princeton, ©2007