This work describes how the discipline has adapted to changing demands by adopting new insights from economic theory and by taking advantage of the methodologic

For Masters and PhD students in EconomicsIn this textbook, the duality between the equilibrium concept used in dynamic economic theory and the stationarity of e

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Macroeconometric models, in many ways the flagships of the economist's profession in the 1960s, came under increasing attack from both theoretical economist and

At a level suitable for graduate or advanced undergraduates in economics, explains the principles of constructing dynamic macroeconometric models and their use