Changes in Industrial Structure

Article Abstract:

Statistical data instigated by the United Kingdom in 1980, showed a change in the structure of their economy and industry. Industry share of the labor force is declining. Transportation suffered in relation to the communications sector. Chemical, aerospace and food industries grew.

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Uncertainty, Forecasting and Budget Changes

Article Abstract:

The effect of discretionary changes in fiscal policy on uncertainty forecasting is examined. Predictability of budget changes reduces model uncertainly. Budget feedback reduces output and price uncertainty. Policy rule consistency reduces uncertainty.

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The term structure with semi-credible targeting

Article Abstract:

The development of a short term interest rate structure model is discussed.

United States, Government expenditures, Interest Rates, Models, Economic policy, United States. Federal Reserve Board, Administrative agencies, Government agencies

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