The role of macroeconomic models in the policy design process.: An article from: National Institute Economic Review

This digital document is an article from National Institute Economic Review, published by National Institute of Economic and Social Research on February 1, 1995. The length of the article is 7713 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The National Institute UK model is used in a study on how macroeconomic models may be used as policy optimization methods. Results show that such models are effective in controlling inflation through the manipulation of interest rates. A model is also developed which, although simple and easily monitored, is highly similar to a fully optimized policy. Ultimately, the results show that anticipatory behavior in case of forward-looking expectations is unnecessary since the effect of monetary policy on currency exchange already gives the status of future policy.

Citation Details
Title: The role of macroeconomic models in the policy design process.
Author: Peter F. Westaway
Publication:National Institute Economic Review (Refereed)
Date: February 1, 1995
Publisher: National Institute of Economic and Social Research
Issue: n151 Page: p53(12)

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