The DYNAMIC_IS_LM4.xls Model
Dynamic IS-LM Model
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Given a valid macroeconomic model of the economy, we perform the following steps:
- estimate the unknown parameters in the equations,
- solve the model with respect to estimated parameters,
- produce deterministic forecasts,
- produce stochastic forecasts.
Keywords:
Autoregressive | | Econometrics | | Forecasting | | Time Series | | Stochastic Optimization | | Dynamic | | Economics | | IS-LM | | Simulation | |