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Macroeconomic models

Macro models in a graph representation. Is a synonym for "do you understand? A picture is worth a thousand words" (American proverb, 1927). Seeing it once is better than being told 100 times" (Zhou Chongguo, Han dynasty). OK let's just agree that diagrams and graphs are pretty effective explanatory devices. Here's the standard representation of an IS-LM model. To use it you must know how the curves shift when an exogenous variable changes, e.g. The links on the left give more details.

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Macroeconomic models | geoffwyatt.com Reviews

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Macro models in a graph representation. Is a synonym for do you understand? A picture is worth a thousand words (American proverb, 1927). Seeing it once is better than being told 100 times (Zhou Chongguo, Han dynasty). OK let's just agree that diagrams and graphs are pretty effective explanatory devices. Here's the standard representation of an IS-LM model. To use it you must know how the curves shift when an exogenous variable changes, e.g. The links on the left give more details.

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1 do you see

2 cause and effect

3 algebraic solutions

4 dynamics

5 causality reversal

6 computer modelling

7 book

8 in many languages

9 edinburgh

10 coupons

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Macroeconomic models | geoffwyatt.com Reviews

https://geoffwyatt.com

Macro models in a graph representation. Is a synonym for "do you understand? A picture is worth a thousand words" (American proverb, 1927). Seeing it once is better than being told 100 times" (Zhou Chongguo, Han dynasty). OK let's just agree that diagrams and graphs are pretty effective explanatory devices. Here's the standard representation of an IS-LM model. To use it you must know how the curves shift when an exogenous variable changes, e.g. The links on the left give more details.

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geoffwyatt.com

1

Cause and effect

http://www.geoffwyatt.com/2_cause_&_effect.html

Cause and effect in macroeconomics. Students—and others—often find macro tricky… Why? Since its birth in the mid-20th century the luminaries of macroeconomics made great efforts to explain, exemplified by Hicks's brilliant invention of a diagram of simultaneous equilibrium in the money and goods markets to explain the core of Keynes's theory. Yet the problem remains: macroeconomics is not obvious. For example, why does the interest rate rise when a tariff on imports is imposed? In the second example, the.

2

Dynamics

http://www.geoffwyatt.com/4_dynamics.html

Dynamics in Causal Graphs. Consider a Phillips curve model as set out in these equations:. 960; = π. L m μ. Is the price level, π. Is the expected rate of inflation, y. Is output, y*. Is the natural level of output, i. Is the nominal interest rate, m. Is the stock of money and μ is its rate of growth. Variables p, y, y*. Are measured in logarithms. Both m. Are measured at the end of the period. The lag operator L simply lags the variable it is attached to, so L m. Where it appears in the form (1-L).

3

Causal algebra

http://www.geoffwyatt.com/3_causal_algebra.html

Algebra in Causal Graphs. We have seen how to make simple qualitative inferences from a causal graph that only incorporates the signs of the arcs:. Whether the direct effect of one variable on another is positive or negative. For example, an increase in net exports directly increases GDP. Now we go further and put into the model the extent to which an increase in one variable directly affects another,. Can also be set equal to one. Each overall "transmittance" from an exogenous variable to an endogenous ...

4

Macroeconomic models

http://www.geoffwyatt.com/7_book.html

In a Causal Framework. By Geoffrey J. Wyatt. En Exempla Books, Edinburgh, UK. List price: GB £ 14 / Euro 21 / US $ 25. Download sample chapters for inspection:. Title pages, contents and preface. Pdf file, 44Kb). Pdf file, 332Kb). Chapter 2: Output and Expenditure. Pdf file, 252Kb). Order online from (USA) amazon.com. Or from (UK): amazon.co.uk. Or from other international online bookstores (via bookbutler. Or order from your normal bookseller.

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Macroeconomic models

http://www.geoffwyatt.com/index.html

Macro models in a graph representation. Is a synonym for "do you understand? A picture is worth a thousand words" (American proverb, 1927). Seeing it once is better than being told 100 times" (Zhou Chongguo, Han dynasty). OK let's just agree that diagrams and graphs are pretty effective explanatory devices. Here's the standard representation of an IS-LM model. To use it you must know how the curves shift when an exogenous variable changes, e.g. The links on the left give more details.

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Macroeconomic models

Macro models in a graph representation. Is a synonym for "do you understand? A picture is worth a thousand words" (American proverb, 1927). Seeing it once is better than being told 100 times" (Zhou Chongguo, Han dynasty). OK let's just agree that diagrams and graphs are pretty effective explanatory devices. Here's the standard representation of an IS-LM model. To use it you must know how the curves shift when an exogenous variable changes, e.g. The links on the left give more details.

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