More important, the macroeconomic models do not take future monetary policy into account.

Technology shocks are events in a macroeconomic model, that change the production function.

The group's recent research has led to a general policy optimization framework for large macroeconomic models.

To carry our comparative testing of alternative macroeconomic model approaches.

Most macroeconomic models, in order to avoid the analysis of intermediate goods, use that notion.

In the late 1980s the Brookings institute compared 12 leading macroeconomic models available at the time.

This potential weakness has to be borne in mind when macroeconomic models are used as a basis for policy prescription.

So Jackson has begun developing a macroeconomic model which would allow economic output to be stabilised.

Some macroeconomic models distinguish even more types of agents, such as workers and shoppers or commercial banks.

For this reason, macroeconomic models usually lump together different variables into a single quantity such as output or price.

The research will first examine the issues theoretically and then, where feasible, with the aid of existing macroeconomic models.

Milgrom showed that the idea is quantitatively important in the context of a very simple macroeconomic model.

This approach demonstrates the effects of gender inequalities by enhancing macroeconomic models.

His more recent work deals with solving macroeconomic models in which heterogeneity and contracting issues play a key role.

It is used in certain macroeconomic models.

Some macroeconomic models assume that a certain proportion of each dollar of income will be saved.

A macroeconomic model is an analytical tool designed to describe the operation of the economy of a country or a region.

Their macroeconomic models have real predictive power.

A small-scale macroeconomic model simulated inflation and unemployment.

More recently, job search, and other types of search, have been incorporated into macroeconomic models, using a framework called 'matching theory'.

These assumptions caused little concern in the 1950s when inflation was stable, but by the mid-1960s inflation increased and became an issue for macroeconomic models.

Often macroeconomic models assume that agents' utility is additively separable in consumption and labor.

His work transitioned as he investigated the institutional frictions behind Keynesian macroeconomic models.

Economists have worked at improving their forecasting skills, but have found that simply adding computer power to macroeconomic models does not necessarily improve results.

Also, it is planned to model the data revision process itself, and to incorporate this process formally within the full structure of the macroeconomic model.