A Continuous Time Econometric Model of the United Kingdom with Stochastic TrendsAuthor :
Paperback
Published : Thursday 25 October 2012
Description
This monograph presents a continuous time macroeconometric model of the United Kingdom incorporating stochastic trends. It describes the model in detail to permit a rigorous mathematical analysis of its steady-state and stability properties, thus providing a valuable check on the capacity of the model to generate plausible long-run behaviour.
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