Comments on the evaluation of policy models
This paper examines the evaluation of models claimed to be relevant for policy making purposes. A number of tests are proposed to determine the usefulness of such models in the policy making process. These tests are applied to three empirical examples.
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- Jeffrey A. Frankel., 1990.
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Economics Working Papers
90-135, University of California at Berkeley.
- Jeffrey A. Frankel, 1990. "International nominal targeting (INT): a proposal for overcoming obstacles to policy coordination," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.
- Frankel, Jeffrey A., 1990. "International Nominal Targeting (INT): A Proposal for Overcoming Obstacles to Policy Coordination," Department of Economics, Working Paper Series qt4rn0t6wv, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Granger, C. W. J., 1988. "Causality, cointegration, and control," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 551-559.
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