Applied Dynamic Macroeconomics

本项目包括应用动态宏观经济学的研究议程。研究了几个广泛的问题：第一个主题涉及平均生产率、工作时间和产出之间的动态协同运动。第二个问题的核心是总体财政政策在战后美国商业周期中的作用。第三类侧重于现代工业化经济体中增长和商业周期之间的相互作用。第四个广泛领域继续研究者对成品库存的结构决定因素的长期研究。整个研究工作包括理论模型的建立和分析。后者将使用战后美国总体和特定行业的时间序列数据进行。这几个项目的方法是统一的，即使用动态一般均衡理论来产生时间序列模型，该模型是紧密参数化的，并使用广义矩量法进行估计。动态理论和动态计量经济学之间的联系提供了评估相互竞争的趋势理论的可能性。

This project consists of a research agenda in applied dynamic macroeconomics. Several broad problems are investigated: The first topic concerns the dynamic co-movements between average productivity, hours worked and output. The second centers on the role of aggregate fiscal policy in postwar US business cycles. The third category focuses on the interaction between growth and business cycles in modern industrialized economies. The fourth broad area continues the investigator's long-standing research on the structural determinants of inventories of finished goods. The total research effort involves both theoretical model development and analysis. The latter will be conducted using aggregate and industry specific postwar US time series data. The several projects are united by their methodology, which is to use dynamic general equilibrium theory to generate time series models which are tightly parameterized and which are estimated using the generalized method of moments. The linkage between dynamic theory and dynamic econometrics offers the possibility of evaluating competing theories of trends.