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.
|Date of creation:||1991|
|Date of revision:|
|Contact details of provider:|| Postal: 20th Street and Constitution Avenue, NW, Washington, DC 20551|
Web page: http://www.federalreserve.gov/
More information through EDIRC
|Order Information:||Web: http://www.federalreserve.gov/pubs/ifdp/order.htm|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jeffrey A. Frankel., 1990.
"International Nominal Targeting (INT): A Proposal for Overcoming Obstacles to Policy Coordination,"
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.
- Robert J. Barro & Mark Rush, 1979.
"Unanticipated Money and Economic Activity,"
NBER Working Papers
0339, National Bureau of Economic Research, Inc.
- Granger, C. W. J., 1988. "Causality, cointegration, and control," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 551-559.
- Hendry, David F. & Ericsson, Neil R., 1991.
"Modeling the demand for narrow money in the United Kingdom and the United States,"
European Economic Review,
Elsevier, vol. 35(4), pages 833-881, May.
- David F. Hendry & Neil R. Ericsson, 1990. "Modeling the demand for narrow money in the United Kingdom and the United States," International Finance Discussion Papers 383, Board of Governors of the Federal Reserve System (U.S.).
- Hoover, K.D. & Sheffrin, S.M., 1990.
"Causation, Spending And Taxes: Sand In The Sandbox Or Tax Collector For The Welfare State,"
67, California Davis - Institute of Governmental Affairs.
- Hoover, Kevin D & Sheffrin, Steven M, 1992. "Causation, Spending, and Taxes: Sand in the Sandbox or Tax Collector for the Welfare State?," American Economic Review, American Economic Association, vol. 82(1), pages 225-48, March.
- Kevin D. Hoover & Steven M. Sheffrin, 1990. "Causation, spending and taxes: sand in the sandbox or tax collector for the welfare state?," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.
- Dutkowsky, Donald H, 1984. " The Demand for Borrowed Reserves: A Switching Regression Model," Journal of Finance, American Finance Association, vol. 39(2), pages 407-24, June.
When requesting a correction, please mention this item's handle: RePEc:fip:fedgif:413. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marlene Vikor)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.