The Estimation of Macroeconomic Disequilibrium Models with Regime Classification Information (Lecture Notes in Economics and Mathematical Systems, 288)

Front Matter....Pages i-vii Front Matter....Pages 1-1 Overview and Summary....Pages 2-4 Front Matter....Pages 5-5 Previous Specifications....Pages 6-17 The Exact Excess Demand Specification....Pages 18-30 Evaluating the Exact Excess Demand Specification....Pages 31-40 Front Matter....Pages 43-43 Model Structure — Labor Demand and Labor Supply....Pages 44-47 Excess Labor Demand Indicators....Pages 48-55 Estimation and Results....Pages 56-70 Front Matter....Pages 73-73 Model Structure I — Behavior of Agents....Pages 74-85 Model Structure II — Market Interaction....Pages 86-91 Excess Demand Indicators....Pages 92-100 Estimation and Results....Pages 101-109 Front Matter....Pages 115-115 Whither Disequilibrium?....Pages 116-119 Back Matter....Pages 120-132