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International Finance Discussion Papers
The International Finance Discussion Papers logo links to the International Finance Discussion Papers home page Comments on the Evaluation of Policy Models
Clive W.J. Granger and Melinda Deutsch
1991-413  (October 1991)

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.

Full paper(307 KB PDF)

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