Church, K.B.; Mitchell, P.R.; Smith, P.N.; Wallis, K.F. - In: National Institute Economic Review 145 (1993) 1, pp. 87-107
This article describes the current versions of six major macroeconometric models, and analyses their overall properties as revealed in standard simulation experiments. Particular attention is given to a policy issue of long-standing importance, namely the control of the size of the government...