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2017 | OriginalPaper | Chapter

3. Literature Review

Author : John J. Heim

Published in: An Econometric Model of the US Economy

Publisher: Springer International Publishing

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Abstract

This chapter reviews the key consumption, investment, international trade, and government spending equations in four of the most notable earlier large-scale models of the economy: Klein and Evans (The Wharton Econometric Forecasting Model. Philadelphia: Wharton School of Finance and Commerce, University of Pennsylvania, 1968), Eckstein (The DRI Model of the U.S. Economy. New York: McGraw-Hill Book Company, 1983), The Federal Reserve (1996), and Fair (Estimating How the Macroeconomy Works. Cambridge, MA: Harvard University Press, 2004).

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previous chapter Methodology
next chapter The Consumption Models
Literature
Brayton, F, and Tinsley, P., ed. (1996). “A Guide to the FRB/US A Macroeconomic Model of the United States”. Division of Research and Statistics, Federal Reserve Board. Version 1.0. Oct. 1996.
Eckstein, O. (1983). The DRI Model of the U.S. Economy. New York: McGraw-Hill Book Company.
Fair, R.C. (2004). Estimating How the Macroeconomy Works. Cambridge, MA: Harvard University Press.
Heim, J. (2007). “How Much Does the Prime Interest Rate Affect U.S. Investment?”. Journal of the Academy of Business and Economics. VII(1). Also available as “Which Interest Rate Should We Use In The “IS” Curve?” Working Paper {\#}0713, Working Papers in Economics, Department of Economics, Rensselaer Polytechnic Institute.
Klein, L., and Evans, M. (1968). The Wharton Econometric Forecasting Model. Philadelphia: Wharton School of Finance and Commerce, University of Pennsylvania.
Metadata
Title
Literature Review
Author
John J. Heim
Copyright Year
2017
Book
An Econometric Model of the US Economy

Print ISBN: 978-3-319-50680-7

Electronic ISBN: 978-3-319-50681-4

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-3-319-50681-4_3