Titlebook: An Econometric Model of the US Economy; Structural Analysis John J. Heim Book 2017 The Editor(s) (if applicable) and The Author(s) 2017 en

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Die Zukunft der BürgergesellschaftExports are found to be mainly a function of our trading partner’s incomes, the exchange rate, the level of imports (providing cash to buy our exports), the prime interest rate, and inflation.

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Bernd Guggenberger,Klaus HansenThis chapter takes consumption and investment equations from Chapters 4–6 and uses their coefficients to calculate the Keynesian “IS” curve. This chapter model fits several decades of data well, and better than the Chapter 7 model.

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Auf der Suche nach der neuen MitteThis model, which involves testing interest rate fluctuations as a function of income and the money supply, proved results which were markedly inferior to the Taylor rule method for explaining variation in the prime interest rate.

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https://doi.org/10.1007/978-3-658-38925-3Tests were undertaken of how well the GDP, consumption, and investment models described conditions during the decade after the models had been developed. As a percent of GDP, the average error of estimate was 0.5% for GDP and consumption, 1.5% for exports, and 3.4% for investment.

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Die Toiletteseifen und ihre Parfumierung,This chapter briefly shows how the Cowles model developed in earlier chapters can be used to simulate the additional, declining effects of a shock over several time periods beyond the current period.