The paper proposes a new approach to econometric modeling and parameter estimation which permits the construction of Macro econometric models from general Microeconomic foundations. It provides, inter alia, full information maximum likelihood estimation methods which permit the following: (a) a statistical solution to the (Exact of Consistent) aggregation problem; (b) a new approach to the problem of parameter identification; (c) a systematic approach...
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详细
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1981/12/01
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部门工作文件
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DRD45
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1
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1
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2010/07/01
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Disclosed
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Neoclassical econometrics - part two : motivation and synthesis
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functional form