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  • Search: subject:"Large Macro-Econometric Models"
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Large Macro-Econometric Models 1 Non-Linearity 1 Stochastic Simulation 1
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Fisher, Paul 1 Salmon, Mark 1
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C.E.P.R. Discussion Papers 1
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CEPR Discussion Papers 1
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On Evaluating the Importance of Non-Linearity in Large Macroeconometric Models
Fisher, Paul; Salmon, Mark - C.E.P.R. Discussion Papers - 1985
Most model builders continue to treat their models as deterministic when forecasting, despite the fact that these models are composed of equations which are stochastic in nature. Deterministic solution methods ignore the stochastic information on the model structure and in addition produce...
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