Macroeconomic Models

Nicolas Carnot, Vincent Koen () and Bruno Tissot

Chapter 6 in Economic Forecasting, 2005, pp 133-154 from Palgrave Macmillan

Abstract: Abstract A macroeconomic (or macroeconometric) model is a quantitative representation of an economy, or of several interdependent countries. It assembles a number of equations and allows study of the behaviour of the economy(ies) when all the various relationships between variables are operative simultaneously. In addition, a model synthesises data and knowledge with a view to explain economic history better and to forecast future developments.

Keywords: Interest Rate; Monetary Policy; Central Bank; Exogenous Variable; Rational Expectation (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-00581-5_6

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DOI: 10.1057/9780230005815_6

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