This authoritative overview focuses on key topics in macroeconomics #38; finance. Each topic is covered by a leading international expert who has been specially commissioned. The emphasis is on the methodological problems of undertaking empirical work in the field of economics, rather than specific applications, or conventional econometric theory. Topics covered include: * the source of the stochastic structure of economic models, especially the role of expectations * the stochastic properties of economic data #38; the implications for modeling, estimation #38; testing * the role of economic theory in model building #38; the relation between statistical models #38; economic theory * equilibrium #38; disequilibrium models Distributed by Syndetic Solutions, Inc.

List of Figures
List of Tables
List of Contributors
Preface
Introduction
1 Unobserved Components in Economic Time Series
2 Vector Autoregressive Models: Specification, Estimation, Inference, and Forecasting
3 Multivariate Rational Expectations Models and Macroeconomic Modelling
4 Inventory Models
5 The Consumption Function
6 Large Scale Macroeconomic Modelling
7 The Econometric Analysis of Calibrated Macroeconomic Models
8 Macroeconomic Disequilibrium Models
9 Financial Market Efficiency Tests

Distributed by Syndetic Solutions, Inc.