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A Continuous Time Econometric Model of the United Kingdom with Stochastic Trends
- Editore:
Cambridge University Press
- EAN:
9781107411234
- ISBN:
1107411238
- Pagine:
- 314
- Formato:
- Paperback
- Lingua:
- Inglese
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Descrizione A Continuous Time Econometric Model of the United Kingdom with Stochastic Trends
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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