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Erschienen in:
1989 | OriginalPaper | Buchkapitel
Statistical Identification of Nonlinear Dynamics in Macroeconomics Using Nonlinear Time Series Models
verfasst von : Tohru Ozaki, Valerie H. Ozaki
Erschienen in: Statistical Analysis and Forecasting of Economic Structural Change
Verlag: Springer Berlin Heidelberg
Enthalten in: Professional Book Archive
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A mathematical model is introduced to explain the dynamics of the Hicksian IS-LM paradigm, in which the difference between the attitudes of Keynesians and monetarists is representable by a difference in the parameters of the model. Statistical identification procedures are introduced for both this model and for the nonstationary model of a time-varying Hicksian IS-LM structure. Application of the models to simulation data is also discussed, and numerical results are given.