Blackwell Reference Online

This volume is a major new survey of the latest and most important new developments in applied econometrics. It focuses on key topics in macroeconomics.

Each topic is covered by a leading international expert specially commissioned to address the methodological problems of undertaking empirical work in economics. The volume editors have focused on the rigorous application of econometrics and statistical methods to economic problems, making the books the most important and up-to-date statements of thinking in the area. The volume looks at:

• •  the source of the stochastic structure of economic models, especially the role of expectations;
• •  the stochastic properties of economic data and the implications for modelling, estimation and testing;
• •  the role of economic theory in model building and the relation between statistical models and economic theory;
• •  equilibrium and disequilibrium models;
• •  classical statistical methods or calibration;
• •  forecasting with large models.

As the first and most authoritative overview of the applied work going on in the field this will be an essential resource for academics, researchers, graduate students, and professional economists in industry and government.