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| Author: | Taylor, J.B. |
| Title: | The use of the new macroeconometrics for policy formulation. |
| Journal: | American Economic Review
1993 : MAY, VOL. 83:2, p. 300-305 |
| Index terms: | MACROECONOMIC MODELS ECONOMETRIC MODELS POLICY MAKING BUDGET |
| Language: | eng |
| Abstract: | One of the trends in macroeconomics during the past decade is the development of a new type of macroeconometric model and policy-evaluation technique to answer questions like could a credible plan to reduce the government budget deficit stimulate the economy in the short run?. What speed of deficit reduction is required?. The role of central bank? These questions are on the minds of policymakers in the U.S. |
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