1995 | OriginalPaper | Chapter
Introduction to the Simulations
Authors : Prof. Alan A. Powell, Christopher W. Murphy
Published in: Inside a Modern Macroeconometric Model
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
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Our aim in Chapters 26 and 27 is to integrate Parts 1 and 2 of this book. Thus the paradigms outlined in Chapter 3 should come to life by tracing the operation of MM’s structural-form equations as they generate the economy’s responses to monetary and fiscal shocks.