This book treats the modelling of individual corporate firms within an economy-wide framework. Microsimulation is used to bridge the gap between partial theories of firm behaviour and economy-wide modelling. The book gives practical guidelines for the construction and application of such...

This book has two aims. The first is to investigate the causes of the bad performance of many exchange rate models. It is concluded that probably the models' bad performance is due to the use of semi-reduced form relations in almost all studies on exchange rate determination and to an...