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英国经济的存量—流量一致宏观计量模型：第二部分AI 解读

Abstract This paper is the second of a series of two which describe the estimation and simulation of a stock‐flow consistent macro‐economic model of the UK economy. The first part (Davis, 1987) surveyed the theoretical literature on stock‐adjustment dynamics, criticized existing UK forecasting models for omitting many potential stock‐flow interactions and gave an outline of the model which is constructed here. The estimation and simulation results suggest that variables…

英国经济的存量—流量一致宏观计量模型：第一部分AI 解读

Abstract This paper surveys briefly the main theoretical developments in the analysis of stock and flow integration in macro‐economics, then proceeds to use this corpus of theory as a critique of the structure of existing macro‐econometric models of the British economy. An outline is then suggested for a model which would take all of these stock‐flow effects into account, given the macro‐economic data currently available. In a following paper (Davis, 1987) we give a detailed…