Date of Award
2004
Document Type
Senior Scholars Paper (Open Access)
Department
Colby College. Economics Dept.
Advisor(s)
Jan Holly
Second Advisor
David Findlay
Third Advisor
Michael Donihue
Abstract
This project constructs a structural model of the United States Economy. This task is tackled in two separate ways: first econometric methods and then using a neural network, both with a structure that mimics the structure of the U.S. economy. The structural model tracks the performance of U.S. GDP rather well in a dynamic simulation, with an average error of just over 1 percent. The neural network performed well, but suffered from some theoretical, as well as some implementation issues.
Keywords
United States, economy, econometric, U.S. GDP, neural network
Recommended Citation
Cohen, David, "Constructing a Structural Macroeconomic Model Using Multiple Techniques" (2004). Senior Scholar Papers. Paper 286.https://digitalcommons.colby.edu/seniorscholars/286
Copyright
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