Oxford model

{{Short description|Econometric model}}

The Oxford Model or the Oxford macro econometric Model was created by Lawrence Klein and Sir James Ball.{{cite book|last=Wood|first=John Cunningham|author-link=John Cunningham Wood|title=Critical Assessments of Contemporary Economists|year=2005|publisher=Routledge|location=New York|isbn=978-0415310628|page=279|url=https://books.google.com/books?id=jWxcKtahWEcC&dq=%22Lawrence%20Klein%22%20%22James%20Ball%22&pg=PA279|display-authors=etal}} It included a Phillips-type relation and led to an "explosion" of macroeconometric forecasting.