Autori
Banerjee, Anindya
Hendry, David F.
Mizon, Grayham E.

Titolo
The econometric analysis of economic policy
Periodico
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papers
Anno: 1996 - Fascicolo: 34 - Pagina iniziale: 1 - Pagina finale: 37

The application of econometric analysis to the process of economic policy formulation is considered. A framework is provided by the theory of reduction, specifically reductions where key information losses would invalidate policy. Consequently, model evaluation; the role of econometric models; forecasting; exogeneity; causality; constancy and invariance; unobservables; seasonality; and data integrability are considered, together with specific policy issues where econometrics can clarify the problems.



Testo completo: http://hdl.handle.net/1814/606

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