Readership: Academics and graduate students with an interest in macroeconomics, finance, and econometrics. Central bankers responsible for research, policymaking, and forecasting.
Anthony Garratt, Senior Lecturer, Birkbeck College, University of London, Kevin Lee, Professor of Economics, University of Leicester, M. Hashem Pesaran, Professor of Economics, Cambridge University and University of Southern California, and Yongcheol Shin, Professor of Economics, Leeds University Business School
1: Introduction 2: Macroeconometric Modelling: Alternative Approaches 3: National and Global Structural Macroeconometric Modelling 4: An Economic Theory of the Long Run 5: An Economic Theory of the Short Run 6: Econometric Methods: A Review 7: Probability Forecasting: Concepts and Analysis 8: The UK Macroeconomy 9: A Long-Run Structural Model of the UK 10: Impulse Response and Trend/ Cycle Properties of the UK Model 11: Probability Event Forecasting with the UK Model 12: Global Modelling and Other Applications 13: Concluding Remarks Appendix A: Derivation of the Interest Rate Rule Appendix B: Invariance Properties of the Impulse Responses with respect to Monetary Policy Shocks Appendix C: Data for the UK Model Appendix D: Gauss Programs and Result Files
