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Applied Macroeconometrics

Applied Macroeconometrics

List Price: $35.00
Your Price: $35.00
Product Info Reviews

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Rating: 4 stars
Summary: Nice approach, not so nice delivery
Review: First, let me praise Favero's effort. He is absolutely right in his approach, i.e, in emphasizing the comparison of the most important "schools" of macroeconometrics. In general, what you have is a textbook about the Cowles Comissionn approach, another about the LSE approach, another about recursive methods and callibration and etc. As many people just read one or two books about macroeconometrics at grad school, it's obvious that very few know about the diversity of techniques available in the field.
Favero, correctly, points out that rather than trying to obscure the differences within the profession, macroeconometricians should expose them. This choice involves practical problems, though. It's obvious, for example, that the book has to cover a lot of ground. The author, however, opted for writting a relatively thin book. Indeed, the book is almost like the collected notes of a grad student in an advanced course (especially because at many points the presentation is very similar to Greene's). It may be (and I think it is) very informative if you already know the stuff (some illustrative E-views programes throughout the book were especially interesting to me), but you won't learn from it. The huge amount of typos in this first edition (what happened to Oxford University Press quality control?) doesn't help it either.
So, the book doesn't work as a textbook (given its incredibly brief presentation of important topics), but is a nice collection of notes - with a correct approach - that will be very useful for the professional macroeconomist.

Rating: 3 stars
Summary: Why isn't there a Table of Contents to see?
Review: First: I haven't read the book so ...Please disregard the 3-star rating as the system requires me to put in the rating before I can submit this....
This sounds like an interesting book for graduate students and professional macroeconomists. But why isn't there at least a Table of Contents for potential buyers to see? It's a pity. I will certainly consider buying this book but need more information.


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