search query: @author Bladen-Hovell, R. C. / total: 1
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| Author: | Artis, M. J. Bladen-Hovell, R. C. Ma, Y. |
| Title: | The measurement of policy effects in a forward-looking model: an application to economic policy in the UK, 1974-9. |
| Journal: | Oxford Economic Papers
1994 : APR, VOL. 46:2, p. 277-295 |
| Index terms: | ECONOMIC POLICY MODELS METHODOLOGY UNITED KINGDOM |
| Language: | eng |
| Abstract: | A methodology for measuring the effects of economic policy where expectations are forward-looking is presented here. The methodology is then applied to the National Institute model, version 11; in this version expectational variables appear in several key equations and the model may be solved in a forward-looking or backward-looking mode. The policy period for which the exercise is conducted is 1974-9, a period of considerable economic stress. |
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