Eigenvalues and eigenvectors of macroeconometric models

The object of this study is twofold. First, we investigate and develop methods that can be used in order to find characteristics and an interpretation in economic theoretical terms of the eigenvalues and eigenvectors that are associated with linear macroeconometric models. Special attention will be given to the stability properties of such models. Second, we apply these methods to a number of typical (Keynesian) macroeconometric models. In particular, we analyse the Grecon model, a model describing the Dutch post-war economy. ... Zie: Summary.