00000caa a22000003i 4500 UP-1685594773862388661 Buklod 20210323130130.0 m | | ta 210323s2002 xx r |||| u|eng d 16551516 (iLib)UPBAG-00039569089 BAG rda eng ARTICLE-2842 Rodriguez, U-Primo E. author. The Ateneo macroeconomic and forecasting model U-Primo E. Rodriguez and Roehlano M. Briones. 2002. pages [142]-178 25 cm text rdacontent unmediated rdamedia volume rdacarrier Title was 'Philippine Review of Business and Economics' until 1979. Title changed to 'Philippine Review of Economics and Business' from 1980-2000, and again changed to 'Philippine Review of Economics' since 2001. Includes bibliographical references (pages 177-178). The Ateneo Macroeconomic and Forecasting Model (AMFM) is a small quarterly macroeconometric model of the Philippine economy. Designed for forecasting and policy analysis, the model generates results for key macroeconomic indicators. The underlying structure of the AMFM is similar to the short run version of Murphy model of Australia. It incorporates Keynesian elements which capture the slow adjustment of prices and unemployment. It also integrates some of the optimizing behavior that is commonly found in Neoclassical economics and in the long run version of the Murphy model. The stochastic equations of the model were estimated using ordinary least squares. In the specification search, each equation was evaluated on three criteria. First, the coefficient estimates must be consistent with economic theory or a priori expectations. Second, each equation should track actual data well. Finally, each equation must pass a series of statistical tests. Despite being at an early stage of model development, the AMFM as a whole tracks historical data on key macroeconomic aggregates reasonably well. This is supported by the low root mean square errors and mean absolute percentage errors of the variables. Economic forecasting Econometric models. Macroeconomics Mathematical models. Briones, Roehlano M. author. The Philippine Review of Business and Economics Vol. XXXIX, No. 1 (June 2002), p. [142]-178. Full-text access @ https://bit.ly/TheAteneomacroeconomicandforecastingmodel (viewed 23 March 2021) UPBAG UPBAG-MAIN ARTICLE-2842 Analytics