Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/105515 
Autor:innen: 
Erscheinungsjahr: 
1998
Schriftenreihe/Nr.: 
Department of Economics Discussion Paper No. 9807
Verlag: 
University of Kent, Department of Economics, Canterbury
Zusammenfassung: 
This paper surveys and motivates the reasons for incorporating explicit long run of supply features into applied estimated macro economic models. It defines some basic stability conditions for such models and illustrates elements of long run considerations with reference to a small (22 equation) prototype model which fashions itself after many current models. It also shows that many of the key decisions when setting up the long run extended simulation horizon reduce to a relatively small number of relationships.
Schlagwörter: 
Long run
stability
macro models
closures.
JEL: 
C51
C52
Dokumentart: 
Working Paper

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