1-20 of 67 Search Results for

Keynesian macroeconometrics

Follow your search
Access your saved searches in your account

Would you like to receive an alert when new items match your search?
Close Modal
Sort by
Journal Article
History of Political Economy (1998) 30 (1): 51–94.
Published: 01 March 1998
... . New York: National Bureau of Economic Research. “The Ghosts I Called I Can’t Get Rid of Now”: The Keynes-Tinbergen-Friedman-Phillips Critique of Keynesian Macroeconometrics Robert Leeson This essay is part of a wider investigation into the political economy of the Keynesian...
Journal Article
History of Political Economy (2019) 51 (3): 535–556.
Published: 01 June 2019
...Aurélien Goutsmedt; Erich Pinzón-Fuchs; Matthieu Renault; Francesco Sergi In 1976, Robert Lucas explicitly criticized Keynesian macroeconometric models for their inability to correctly predict the effects of alternative economic policies. Today, most contemporary macroeconomists and some historians...
Journal Article
History of Political Economy (2023) 55 (1): 173–192.
Published: 01 February 2023
... in Burns's thinking. What were those reasons? Upon assuming the position of Fed chair in 1970, Burns had been outside of the economic research arena for some twenty years. In those years, macroeconomic policy research had undergone a profound change: large-scale Keynesian macroeconometric models had...
Journal Article
History of Political Economy (1999) 31 (3): 493–509.
Published: 01 September 1999
...-Tinbergen-Friedman-Phillips Critique of Keynesian Macroeconometrics. HOPE 30 . 1 : 51 -94. Lerner , A. P. 1948 . Rising Prices. Review of Economics and Statistics 30 . 1 : 24 -7. Morton , W. A. 1950 . Trade Unionism, Full Employment and Inflation. American Economic Review 40 . 1...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 166–187.
Published: 01 December 2011
... “Keynesianmacroeconometric models of the 1960s (Brainard and Tobin 1968), he later championed an approach to empirical macroeconomic modeling, based on his “general equilibrium approach to monetary theory,” that contrasted sharply with new classical models that interpreted general equilibrium quite...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 333–354.
Published: 01 December 2011
...) interpretation of Keynes, 179 Jevons, William Stanley Keynesian macroeconometric Econometrica models, 166, 179–80 first issue, 72 Keynesian movement and Chicago on list, 26 school, 74...
Journal Article
History of Political Economy (2019) 51 (3): 449–470.
Published: 01 June 2019
...Antonella Rancan The Keynesian and Monetarist debate of the 1960s and 1970s has been mainly reconstructed starting from the contributions of leading Keynesian economists, on the one side, and Milton Friedman on the other. Even if the empirical character of the controversy has been recognized...
Journal Article
History of Political Economy (2022) 54 (2): 217–250.
Published: 01 April 2022
... different, even contradictory, depending on the regime. Typically, a demand-side policy will alleviate unemployment under a Keynesian unemployment but will worsen it under a classical unemployment. This fundamental result provided theoretical foundations for the practice of macroeconometric modeling, which...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 1–11.
Published: 01 December 2004
...—expressed particularly in his 1939 review of Tinbergen’s early modeling exercises—macroeconometric modeling grew up in tandem with Keynesian macroeconomics. Published as The Keynesian Revolu- tion (1947), Lawrence Klein’s doctoral dissertation was an interpreta- tion of the General Theory in which Klein...
Journal Article
History of Political Economy (2019) 51 (3): 401–423.
Published: 01 June 2019
... in the Statistical Determination of the Investment Schedule ”. Econometrica 11 ( 3 ): 246 – 58 . Klein Lawrence R. 1944a . “ The Keynesian Revolution .” PhD diss. , Massachusetts Institute of Technology . Klein Lawrence R. 1944b . “ The Cost of a ‘Beveridge Plan’ in the United States...
Journal Article
History of Political Economy (2024) 56 (1): 1–40.
Published: 01 February 2024
... compromise between various demands. On the one hand, the modeling team was increasingly willing to abide by academic theoretical and methodological standards—namely, the new Keynesian DSGE models: “MTMM [the main Bank macroeconometric model in the 1990s] did not really have microfoundations. So the staff...
FIGURES
Includes: Supplementary data
Journal Article
History of Political Economy (2019) 51 (3): 425–447.
Published: 01 June 2019
...Roger E. Backhouse; Beatrice Cherrier The FMP model exemplifies the Keynesian models later criticized by Lucas, Sargent, and others as conceptually flawed. For economists in the 1960s such models were “big science”, posing organizational as well as theoretical and empirical problems. It was part...
Journal Article
History of Political Economy (2020) 52 (5): 827–861.
Published: 01 October 2020
... Review 61 , no. 1 : 82 – 93 . Benassy Jean-Pascal . 1975 . “ Neo-Keynesian Disequilibrium Theory in a Monetary Economy .” Review of Economic Studies 42 , no. 4 : 503 – 23 . Boianovsky Mauro Hoover Kevin . 2014 . “ In the Kingdom of Solovia: The Rise...
Journal Article
History of Political Economy (2019) 51 (3): 471–491.
Published: 01 June 2019
... of the United States ”. In Modelling the Economy , edited by Renton G. A. , 240 – 67 . London : Heinemann Educational Books . Modigliani Franco . 2003 . “ The Keynesian Gospel according to Modigliani ”. American Economist 47 ( 1 ): 3 – 24 . Modigliani Franco Sutch Richard...
Journal Article
History of Political Economy (1994) 26 (1): 167–169.
Published: 01 March 1994
... despite his belief in Say’s law. In Hobson, we find an intertemporal dise- quilibrium theory; namely, unoptimal savings rates leading to fast capital accumu- lation in the present and underconsumption in the future. This is a clear precursor of the Harrod-Domar model, rather than of Keynesian...
Journal Article
History of Political Economy 557–578.
Published: 20 March 2019
... . Rational Expectations and Econometric Practice . London : George Allen and Unwin: London . Mankiw N. G. Romer D. 1991 . New Keynesian Economics . 2 vols. Cambridge, Mass. : MIT Press . Pagan A. 1987 . “ Three Econometric Methodologies: A Critical Appraisal ”. Journal...
Journal Article
History of Political Economy (2019) 51 (3): 557–578.
Published: 01 June 2019
... . “ Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence ”. NBER Macroeconomics Annual 4 : 185 – 216 . Mankiw N. G. Romer D. 1991 . New Keynesian Economics . 2 vols. Cambridge, Mass. : MIT Press . Pagan A. 1987 . “ Three Econometric Methodologies...
Journal Article
History of Political Economy (2012) 44 (suppl_1): 226–249.
Published: 01 December 2012
..., and old Keynesians in the macroeconometric tradition, such as James Tobin and Lawrence Klein, or one between the old Keynesians and the new classi- cals, to one between the new Keynesians and the new classicals (Hoover 1988, 1992). The new Keynesians essentially adopted the technical para- digms...
Journal Article
History of Political Economy (2023) 55 (4): 785–789.
Published: 01 August 2023
... in the construction of this new theoretical and analytical field. The second contribution is to describe and detail the construction of a community, a community under construction and present at the genesis of macroeconomics, a complex community that cannot be reduced to Keynes and the Keynesians...
Journal Article
History of Political Economy (2023) 55 (1): 103–143.
Published: 01 February 2023
... phenomena, the shift from modeling within the domain of specific theories to modeling within the confines of a general framework, and the radical change induced by the New Keynesian DSGE modeling in the practice of macroeconometrics. Although interest rate is among the most used bigrams in all time...
FIGURES | View All (8)