Publisher's Synopsis
This volume contains the proceedings of a conference held at the European University Institute in Florence on the Econometrics of Economic Policy. The collection of papers, by the leading practitioners in the field, deals with various aspects of the econometric evaluation of models designed to investigate the effects of economic policies, including forecasting, structural stability testing and simulating policy responses. Some of the papers, such as those by Richard and Stock, primarily deal with the theoretical aspects of the problems involved. Others, by Ericsson et al, for example, deal more with the explicitly empirical issues such as making a monetary index operational and its relevance in determining Central Bank/Treasury policies. The Editorial brings together the central themes of the volume in addition to containing original results.
