1 / 10

The FairModel

Economic Models. Our simple AD model has four equations:AD = C IIY = C IC = f(Y)I = IIThe FairModel has more than 130 equationsBut it is still built on the NIPA categories: C I G NXCan be used for serious forecastingWhat if government spending is changed? . Finding

MikeCarlo
Download Presentation

The FairModel

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. The “FairModel” An on-line econometric model

    2. Economic Models Our simple AD model has four equations: AD = C + II Y = C + I C = f(Y) I = II The FairModel has more than 130 equations But it is still built on the NIPA categories: C + I + G + NX Can be used for serious forecasting What if government spending is changed?

    3. Finding & using the FairModel http://fairmodel.econ.yale.edu/ Article about the model http://fairmodel.econ.yale.edu/about/abbing.pdf Workbook manual http://fairmodel.econ.yale.edu/wrkbook/wb.htm Log in page [bookmark this] http://fairmodel.econ.yale.edu/usmodel/index2.htm

More Related