Structural Macroeconometrics: Second Edition

Description

Provides an overview and exploration of methodologies, models, and techniques used to analyze forces shaping national economies. This title presents a range of methods for characterizing and evaluating empirical implications, including calibration exercises, method-of-moment procedures, and likelihood-based procedures, both classical and Bayesian.

David N. DeJong is professor of economics and Vice Provost for Academic Planning and Resources Management at the University of Pittsburgh. Chetan Dave is assistant professor of economics at New York University, Abu Dhabi.

Praise for the previous edition: "The central theme of this advanced textbook on macroeconomic time series analysis is that [dynamic stochastic general equilibrium models] 'serve directly as the foundations upon which empirical work may be conducted.' The book fulfills this aim admirably and covers standard statistical methods neatly; it is certainly worth the attention of econometricians."--Times Higher Education