Panel Macroeconometric Modeling∗

USC Dornsife Institute for New Economic Thinking Working Paper No. 14-02 Panel Macroeconometric Modeling

This paper provides a selective survey of the panel macroeconometric techniques that focus on controlling the impact of “unobserved heterogeneity” across individuals and over time to obtain valid inference for “structures” that are common across individuals and over time. We consider issues of (i) estimating vector autoregressive models; (ii) testing of unit root or cointegration; (iii) statist...

Reflections on Macroeconometric Modeling

I have been doing research in macroeconomics since the late 1960s, almost 50 years. In this paper I pause and take stock. The paper is part personal reflections on macroeconometric modeling, part a road map of the techniques of macroeconometric modeling, and part comments on what I think I have learned about how the macroeconomy works from my research in this area.

Macroeconometric Modeling

Macroeconometric Policy Modeling for India: A Review of Some Analytical Issues

This is the revised version of a paper presented to the National Seminar on Macroeconometric Modeling for Planning in India at the Development Planning Centre, Institute of Economic Growth in November 1998. I am indebted to Professor K. Krishnamurty for several useful discussions I have had with him. Comments and suggestions by Professor B.B. Bhattacharya, Professor Pravin Visaria and other par...

CESAM The CCSO annual model of the Dutch economy

This paper presents CESAM, a macroeconometric model of the Dutch economy based on annual data. CESAM can be characterized as a Keynesian expenditure model including a neoclassical production model and a post-KeynesianJinancial model. This characterization holds for most of the Dutch macroeconometric models including, for instance, FREIA-KOMPAS of the Dutch Central Planning Bureau. There are, ho...