The Oxford Handbook of Economic Forecasting

Name: The Oxford Handbook of Economic Forecasting
Brand: Oxford University Press, USA
SKU: 9780195398649
Price: 20816.0 INR
Availability: InStock

by Michael P. Clements , David F. Hendry

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ISBN13: 9780195398649
Binding: Hardcover
Subject: N/A
Publisher: Oxford University Press, USA
Publisher Imprint: Oxford University Press, USA
Publication Date: July 8, 2011
Pages: 712
Original Price: GBP 145.0
Language: English
Edition: N/A
Item Weight: 1407 grams
BISAC Subject(s): Economics / Microeconomics

About The Book

This Handbook provides up-to-date coverage of both new and well-established fields in the sphere of economic forecasting. The chapters are written by world experts in their respective fields, and provide authoritative yet accessible accounts of the key concepts, subject matter, and techniques in a number of diverse but related areas. It covers the ways in which the availability of ever more plentiful data and computational power have been used in forecasting, in terms of the frequency of observations, the number of variables, and the use of multiple data vintages. Greater data availability has been coupled with developments in statistical theory and economic analysis to allow more elaborate and complicated models to be entertained; the volume provides explanations and critiques of these developments. These include factor models, DSGE models, restricted vector autoregressions, and non-linear models, as well as models for handling data observed at mixed frequencies, high-frequency
data, multiple data vintages, methods for forecasting when there are structural breaks, and how breaks might be forecast. Also covered are areas which are less commonly associated with economic forecasting, such as climate change, health economics, long-horizon growth forecasting, and political elections. Econometric forecasting has important contributions to make in these areas along with how their developments inform the mainstream.

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