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A Comparison of the Michigan and Fair Models

Ray C. Fair and Lewis S. Alexander

in Comparative Performance of U.S. Econometric Models

Published in print:
1991
Published Online:
October 2011
ISBN:
9780195057720
eISBN:
9780199854967
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195057720.003.0006
Subject:
Economics and Finance, Econometrics

This chapter compares the predictive accuracy of the Michigan and Fair econometric models using the method developed in Ray Fair. These models are compared to each other and to an eighth-order ... More


Stabilization Policies

Jean-Pascal Bénassy

in Macroeconomic Theory

Published in print:
2011
Published Online:
April 2015
ISBN:
9780195387711
eISBN:
9780190261405
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780195387711.003.0018
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter tackles the problem of the stabilization policies of governments that emerge as responses to shocks on the economy. It describes the current trend of using microfounded models for policy ... More


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