Date of Award
1975
Document Type
Thesis
Publication Status
Version of Record
Submission Date
October 2026
Thesis/Dissertation Advisor [Chair]
Hemley, David D.
Abstract
This thesis emphasizes and evaluates the effect of different income specifications, absolute, relative and permanent, in the various stochastic equations comprising a macroeconomic model. Multiple least squares regression is employed to estimate the stochastic equations; and a dynamic multiplier simulation program evaluates the stability and calculates the impact and interim dynamic multipliers of each resultant model. The results point to an absolute income specification with the quickest response to fiscal and monetary policy. In addition, there are inherent specification problems as enlightened by review of the size of the total impact multipliers.
Extent
104 p.
Recommended Citation
MELEAR, ERIK LAMONT, "ALTERNATIVE INCOME SPECIFICATION IN MACROECONOMIC MODELS" (1975). Electronic Theses and Dissertations 1970 - 1979. 336.
https://digitalcommons.fau.edu/etd_general_2/336
Identifier
FADT13736
Comments
College of Business|Thesis (M.A.)--Florida Atlantic University, 1975.|FAU Electronic Theses and Dissertations Collection|College of Business