Oxford model explained

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]

Notes and References

1. Book: Wood, John Cunningham. John Cunningham Wood. Critical Assessments of Contemporary Economists. 2005. Routledge. New York. 978-0415310628. 279. etal.