Oxford model

The Oxford Model or the Oxford Econometric Model was created by Lawrence Klein and Sir James Ball.[1] It included a Phillips-type relation and led to an "explosion" of macroeconometric forecasting.[1]

References

  1. Wood, John Cunningham; et al. (2005). Critical Assessments of Contemporary Economists. New York: Routledge. p. 279. ISBN 978-0415310628.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.