A POSTWAR QUARTERLY MODEL: DESCRIPTION AND APPLICATIONS

Kanta Marwah
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Kanta Marwah: Carleton University, Canada

Chapter 8 in Selected Papers of Lawrence R Klein: Theoretical Reflections and Econometric Applications, 1997, pp 145-165 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionThe ModelList of variablesEstimated equationsDiscussion of the EquationsThe consumption equationsThe investment equationsThe elements of nonwage incomeProduction functionsWages, hours, and labor forceOrders and backlogsForeign tradeMoney and interestPricesIdentitiesApplications — 1961 forecastsApplications — The Recessions of 1953–54 and 1957–58Self-criticism

Keywords: Macroeconomics: Theory; Policy Formation; Reconsiderations; Macroeconometric Models: Methodology; Forecasting; Debate; Prospects; International Economics: Capital Flows; Exchange Rates; Expectations (search for similar items in EconPapers)
JEL-codes: C1 C7 (search for similar items in EconPapers)
Date: 1997
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