International Finance Discussion Papers (IFDP)
October 1991
Comments on the Evaluation of Policy Models
Clive W.J. Granger and Melinda Deutsch
Abstract:
This paper examines the evaluation of models claimed to be relevant for policy making purposes. A number of tests are proposed to determine the usefulness of such models in the policy making process. These tests are applied to three empirical examples.
PDF: Full Paper
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