Wharton econometric forecasting model
E681555
U.S. macroeconomic model
economic forecasting model
large-scale econometric model
macroeconometric model
The Wharton econometric forecasting model is a large-scale macroeconometric model of the U.S. economy used for economic analysis and forecasting, developed under the leadership of economist Lawrence Klein.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. macroeconomic model
ⓘ
economic forecasting model ⓘ large-scale econometric model ⓘ macroeconometric model ⓘ |
| associatedWith |
Wharton Econometric Forecasting Associates
NERFINISHED
ⓘ
Wharton School forecasting services NERFINISHED ⓘ |
| basedOn |
Keynesian macroeconomic theory
ⓘ
econometric estimation of behavioral equations ⓘ |
| countryModeled | United States NERFINISHED ⓘ |
| developedAt |
University of Pennsylvania
NERFINISHED
ⓘ
Wharton School of the University of Pennsylvania NERFINISHED ⓘ |
| developedBy | Lawrence Klein NERFINISHED ⓘ |
| discipline | economics ⓘ |
| eraOfDevelopment | mid-20th century ⓘ |
| field |
econometrics
ⓘ
macroeconomics ⓘ |
| hasComponent |
consumption sector
ⓘ
financial sector block ⓘ foreign trade sector ⓘ government sector ⓘ investment sector ⓘ labor market block ⓘ price and wage block ⓘ |
| includes |
behavioral equations
ⓘ
endogenous variables ⓘ exogenous variables ⓘ identity equations ⓘ |
| influenced |
later commercial macroeconometric models
ⓘ
policy modeling practices in the United States ⓘ |
| influencedBy | early large-scale macroeconometric models ⓘ |
| notableContributor | Lawrence Klein NERFINISHED ⓘ |
| output |
forecasts of GDP
ⓘ
forecasts of consumption ⓘ forecasts of employment ⓘ forecasts of interest rates ⓘ forecasts of investment ⓘ forecasts of prices ⓘ |
| timeHorizon |
medium-run forecasting
ⓘ
short-run forecasting ⓘ |
| usedBy |
academic researchers
ⓘ
financial institutions ⓘ government agencies ⓘ private corporations ⓘ |
| usedFor |
business cycle analysis
ⓘ
economic forecasting ⓘ impact analysis of fiscal policy ⓘ impact analysis of monetary policy ⓘ macroeconomic policy analysis ⓘ scenario analysis ⓘ |
Referenced by (1)
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