Structural Sensitivity in Econometric Models is a pathbreaking treatment of linear dynamic systems analysis techniques for interpreting complex macroeconomic models. Representing a major extension of and improvement upon the standard "black box" approach to analyzing economic model structure, it introduces the powerful concept of parameter sensitivity analysis within a linear svstems characteristic root/vector framework.

While the book's main purpose is a methodological treatment of the subject, the authors illustrate their approach through a step-by-step implementation of their analysis on a medium-size econometric model-the Michigan Quarterly Econometric Model of the United States. Various analytical techniques are examined, with emphasis on heretofore neglected parameter sensitivity procedures. Significant added insight is provided by exploiting the properties of characteristic roots and vectors for sensitivity analysis.

16.5cm x 23.5cm, 324 pages, Hardcover, 1985 (Condition:  Very Good) 

Condition Definition:
As New / Fine = New or almost without defect
Very Good = Showing signs of wear
Good / Fair = A bit worn but complete, with defects noted
Poor = worn with visible defects