Econometrics and economic policy

被引：0
|
作者：
Chow, GC [1 ]
机构：
[1] Princeton Univ, Dept Econ, Princeton, NJ 08544 USA
来源：
STATISTICA SINICA | 2001年 / 11卷 / 03期
关键词：
cointegration; econometrics; economic policy; endogeneity; optimal control; nonstationarity; rational expectations; simultaneous equations;
D O I：
暂无
中图分类号：
O21 [概率论与数理统计]; C8 [统计学];
学科分类号：
020208 ; 070103 ; 0714 ;
摘要：
This is a survey paper on five important developments in econometrics, with illustrative applications to economic policy formulation in Taiwan, Mainland China and the United States. The developments axe the endogeneity of explanatory variables in a stochastic equation, nonstationarity of dynamic models in the form of cointegrated variables, the determination of optimal policies, accounting for reactions of economic agents to changing policy rules, and the use of conditional expectations to capture forward looking behavior.
引用
收藏
页码：631 / 650
页数：20
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