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Oxford model

From Wikipedia, the free encyclopedia

The Oxford Model or the Oxford macro econometric Model was created by Lawrence Klein and Sir James Ball.[1] It included a Phillips-type relation and led to an "explosion" of macroeconometric forecasting.[1]

References

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  1. ^ a b Wood, John Cunningham; et al. (2005). Critical Assessments of Contemporary Economists. New York: Routledge. p. 279. ISBN 978-0415310628.