Faculty Books

Ray C. Fair
Stanford Economics and Finance | December 2011 | ISBN: 0804760497
“It’s the economy, stupid,” as Democratic strategist James Carville would say. After many years of study, Ray C. Fair has found that the state of the economy has a dominant influence on national elections. Just in time for the 2012 presidential election, this new edition of his classic text,...
Ray C. Fair
Harvard University Press | December 2004 | ISBN: 0674015460 & 9780675026463
Macroeconomics tries to describe and explain the economywide movement of prices, output, and unemployment. The field has been sharply divided among various schools, including Keynesian, monetarist, new classical, and others. It has also been split between theorists and empiricists. Ray Fair...
Ray C. Fair
Stanford University Press | August 2002 | ISBN: 0804745099
What do the following events have in common? In 2000, the election between George W. Bush and Al Gore was a virtual tie. The 1989 and 1990 vintages have turned out to be two of the best ever for Bordeaux wines. In 2001, the Federal Reserve lowered the interest rate eleven times. The decade of the...
Ray C. Fair
Harvard University Press | August 1994 | ISBN: 0674875036
In this book Ray Fair expounds powerful techniques for estimating and analyzing macroeconometric models. He takes advantage of the remarkable decrease in computational costs that has occurred since the early 1980s by implementing such sophisticated techniques as stochastic simulation. Testing...
Ray C. Fair
Harvard University Press | 1984 | ISBN: 0674831802 & 9780674831803
This book gives a practical, applications-oriented account of the latest techniques for estimating and analyzing lard, nonlinear macroeconomic models. Fair demonstrates the application of these techniques in a detailed presentation of several actual models, including his United States model, his...
Ray C. Fair
Heath Lexington Books | June 1971 | ISBN: 0669613584 & 9780669613582
The model that is described in this book was developed during 1968 and 1969. The money GNP sector was developed in early 1968, and the other sectors were developed during 1969. At the time of this writing, the model in one form or another has been used as an actual forecasting tool for about two...
Ray C. Fair
North-Holland | December 1969 | ISBN: 0720431557 & 9780720431551
This study is a revised version of my Ph.D. thesis submitted to the Department of Economics at the Massachusetts Institute of Technology in 1968. I owe a great deal of gratitude to Professors Franklin M. Fisher, Edwin Kuh, and Robert M. Solow for their many helpful comments and suggestions...