{"product_id":"finance-and-economics-discussion-series-a-guide-to-frb-us-a-macroeconomic-model-of-the-united-states-paperback","title":"Finance and Economics Discussion Series: A Guide to Frb\/Us: A Macroeconomic Model of the United States - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eF. Brayton\u003c\/b\u003e (Author), \u003cb\u003eUnited States Federal Reserve Board\u003c\/b\u003e (Created by)\u003c\/p\u003e\u003cp\u003eFRB\/US is a large-scale quarterly econometric model of the U.S. economy, developed to replace the MPS model. Most behavioral equations are based on specifications of optimizing behavior containing explicit expectations of firms, households, and financial markets. Although expectations are explicit, the empirical fits of the structural descriptions of macroeconomic behavior are comparable to those of reduced-form time series models. In most instances, tests do not reject overidentifying restrictions of rational expectations or the hypothesis of serially independent residuals. As modeled, private sector expectations of policy constitute a major transmission channel of monetary policy.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 50\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.1 x 9.69 x 7.44 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e February 06, 2013\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":52731975106867,"sku":"9781288722129","price":31.12,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0300\/5595\/6612\/files\/S3RXdzMxd0xiSENJREJibW5OckpPZz09.webp?v=1763874089","url":"https:\/\/www.vysn.com\/products\/finance-and-economics-discussion-series-a-guide-to-frb-us-a-macroeconomic-model-of-the-united-states-paperback","provider":"VYSN","version":"1.0","type":"link"}