Clements, Michael P. and Hendry, David F., eds. (2011) The Oxford handbook of economic forecasting. Oxford Handbooks in Economics . Oxford University Press, New York. ISBN 9780195398649

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Abstract

This Handbook provides up-to-date coverage of both new developments and well-established fields in the sphere of economic forecasting. The chapters are written by world experts in their respective fields, and provide authoritative yet accessible accounts of the key concepts, subject matter and techniques in a number of diverse but related areas. It covers the ways in which the availability of ever more plentiful data and computational power have been used in forecasting, either in terms of the frequency of observations, the number of variables, or the use of multiple data vintages. Greater data availability has been coupled with developments in statistical theory and economic theory to allow more elaborate and complicated models to be entertained; the volume provides explanations and critiques of these developments. These include factor models, DSGE models, restricted vector autoregressions, and non-linear models, as well as models for handling data observed at mixed frequencies, high-frequency data, multiple data vintages, and methods for forecasting when there are structural breaks, and how breaks might be forecast. Also covered are areas which are less commonly associated with economic forecasting, such as climate change, health economics, long-horizon growth forecasting, and political elections. Econometric forecasting has important contributions to make in these areas, as well as their developments informing the mainstream. In the early 21st century, climate change and the forecasting of health expenditures and population are topics of pressing importance.

Item Type:	Book
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions
Divisions:	Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH):	Economic forecasting.
Series Name:	Oxford Handbooks in Economics
Publisher:	Oxford University Press
Place of Publication:	New York
ISBN:	9780195398649
Editor:	Clements, Michael P. and Hendry, David F.
Date:	28 July 2011
Number of Pages:	712
Status:	Peer Reviewed
Publication Status:	Published
Related URLs:	Publisher
URI:	http://wrap.warwick.ac.uk/id/eprint/44528

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