The problem of disparities among different estimates of GDP is well known and widely discussed. Here, the authors describe a method for examining the discrepancies using a technique allocating them with reference to data reliability. The book includes a full set of estimates for the UK national accounts for the period 1920-1990, including runs of industrial data for the period 1948-1990. The statistical technique allows estimates of standard errors of the data to be calculated and verified.
The problem of disparities among different estimates of GDP is well known and widely discussed. Here, the authors describe a method for examining the ...
Macroeconomic modeling has been one of the most important and influential areas of economic research. This book presents contributions from the leading researchers working in this area as part of the ongoing research project sponsored by the Economic and Social Research Council, Bank of England and UK Treasury. The papers combine a description of the latest techniques used in modeling the economy with an account of the way that models can be used for purposes of policy analysis. It is designed for use by advanced students and professional economists.
Macroeconomic modeling has been one of the most important and influential areas of economic research. This book presents contributions from the leadin...
The problem of disparities among different estimates of GDP is well known and widely discussed. Here, the authors describe a method for examining the discrepancies using a technique allocating them with reference to data reliability. The book includes a full set of estimates for the UK national accounts for the period 1920-1990, including runs of industrial data for the period 1948-1990. The statistical technique allows estimates of standard errors of the data to be calculated and verified.
The problem of disparities among different estimates of GDP is well known and widely discussed. Here, the authors describe a method for examining the ...
This analysis of macroeconomic policy, originally published in 1989, argues that key government objectives, such as reduced inflation, decreased unemployment and an adequate level of national saving can be achieved only by employing both monetary and fiscal policies, in conjunction with supply-side policies expressly designed to improve the workings of the labour market.
Part 1 is a comparative analysis showing the effects of monetary and fiscal policy on the economy. Real-wage rigidity in the labour market is shown to have important consequences for the working of both types of policy,...
This analysis of macroeconomic policy, originally published in 1989, argues that key government objectives, such as reduced inflation, decreased un...
