Analysing Economic Behaviour 1975-85 with a Model Incorporating Consistent Expectations
- 1 May 1987
- journal article
- Published by Cambridge University Press (CUP) in National Institute Economic Review
- Vol. 120, 75-80
- https://doi.org/10.1177/002795018712000107
Abstract
In November 1985 the National Institute introduced a new version of its quarterly forecasting model which included a large number (approximately 45) of explicit expectations terms. The model was solved on the basis of model consistent expectations.Keywords
This publication has 5 references indexed in Scilit:
- Stagflation in the UK Since 1970: A Model-Based Explanation∗National Institute Economic Review, 1986
- Consistent Simulations and the National Institute Model 8National Institute Economic Review, 1986
- Formation of Inflation Expectations in British Manufacturing IndustriesThe Economic Journal, 1985
- Rational Expectations in an Econometric Model: Niesr Model 8∗National Institute Economic Review, 1985
- Rational Expectations and the Theory of Price MovementsEconometrica, 1961