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macroeconometrics

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Journal Article
History of Political Economy (1 March 1998) 30 (1): 51–94.
Published: 01 March 1998
... of Economics or How Economists Explain . Cambridge: Cambridge University Press. Blaug , M. 1985 . Great Economists since Keynes . England: Harvester. Bodkin , R. G. , L. R. Klein, and K. Marwah. 1988 . Keynes and the Origins of Macroeconometric Modelling. In Hamouda and Smithin 1988...
Journal Article
History of Political Economy (20 March 2019)
Published: 20 March 2019
...Boris Salazar; Daniel Otero This article assesses the impact of Christopher Sims’s VARs upon the evolution of contemporary macroeconometrics within the contentious context of the new classical revolution. We argue that the decision of using VARs was not an all-or-nothing affair, but the outcome of...
Journal Article
History of Political Economy (1 June 2019) 51 (3): 557–578.
Published: 01 June 2019
...Boris Salazar; Daniel Otero This article assesses the impact of Christopher Sims’s VARs upon the evolution of contemporary macroeconometrics within the contentious context of the new classical revolution. We argue that the decision of using VARs was not an all-or-nothing affair, but the outcome of...
Journal Article
History of Political Economy (1 March 1994) 26 (1): 169–171.
Published: 01 March 1994
... Forms of Social Thought. New York: Fordham University Press. A History of Macroeconometric Model-Building. By Ronald G. Bodkin, Lawrence R. Klein, and Kanta Marwah. Aldershot, England: Edward Elgar, 1991. 573 pp. $97.95. A History of Macroeconometric Model-Building provides a nice...
Journal Article
History of Political Economy (1 June 2019) 51 (3): 401–423.
Published: 01 June 2019
...Erich Pinzón-Fuchs Lawrence R. Klein was one of the most important figures in the collective development of macroeconometric modeling, a novel scientific practice that dominated macroeconomics throughout the first decades of the second half of the twentieth century. Understanding how Klein...
Journal Article
History of Political Economy (1 June 2019) 51 (3): 471–491.
Published: 01 June 2019
...Juan Acosta; Goulven Rubin In this article we discuss the implementation of a portfolio choice framework and the inclusion of credit rationing by banks in several large-scale macroeconometric models built during the 1960s. We argue that the Fed-MIT-Penn model has a more transparent structure: the...
Journal Article
History of Political Economy (1 June 2019) 51 (3): 425–447.
Published: 01 June 2019
... Press 2019 macroeconometrics Modigliani Ando Federal Reserve Lucas critique modeling References Acosta Juan Cherrier Beatrice 2018 . “ The Transformation of Economic Analysis at the Federal Reserve during the 1960s .” Working paper , September 30 . Acosta Juan...
Journal Article
History of Political Economy (1 June 2019) 51 (3): 391–400.
Published: 01 June 2019
...”, “measurements”, and “observations.” The articles in this special issue show that a change of perspective in historical analysis toward the practice of macroeconometric modeling will enrich the history of macroeconomics. The history of macroeconomics is not only a history of ideas, but includes also histories of...
Journal Article
History of Political Economy (1 June 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 (1 December 2011) 43 (suppl_1): 188–210.
Published: 01 December 2011
... II, Shinichi Ichimura, Michio Hatanaka, and Takeshi Amemiya were trained in the United States and introduced to empirical studies. Ichimura became responsible for building macroeconometric models and input-output tables for the Japanese and other East Asian economies. Hatanaka and Amemiya contributed...
Journal Article
History of Political Economy (1 December 2017) 49 (Supplement): 158–186.
Published: 01 December 2017
...Verena Halsmayer The 1960s were the glorious age of large-scale, “economy-wide” macroeconometric models, which enabled forecasts and simulations of the quantitative effects of certain policy changes within systems of simultaneous equations. This article is concerned (1) with the form and character...
Journal Article
History of Political Economy (1 June 2019) 51 (3): 449–470.
Published: 01 June 2019
... role played by macroeconometric models has been little investigated. This article enlarges the perspective looking at the interactions between monetary economists outside and within the Federal Reserve System, through the building of the Fed-MIT-Penn large-scale econometric model, and the St. Louis...
Journal Article
History of Political Economy (1 March 1994) 26 (1): 167–169.
Published: 01 March 1994
.... London: Routledge. Stark, Werner. 1963. The Fundamental Forms of Social Thought. New York: Fordham University Press. A History of Macroeconometric Model-Building. By Ronald G. Bodkin, Lawrence R. Klein, and Kanta Marwah. Aldershot, England: Edward Elgar, 1991. 573 pp. $97.95. A...
Journal Article
History of Political Economy (1 December 2004) 36 (Suppl_1): 1–11.
Published: 01 December 2004
... macroeconometric models. What explains the rise, the fall, and the persistence of the IS-LM model? This volume presents essays from the HOPE conference held 25–27 April 2003 at Duke University that provide partial answers to this question. In addition to the ten essays from the conference, we are fortunate to...
Journal Article
History of Political Economy (1 March 1994) 26 (1): 171–173.
Published: 01 March 1994
... want to apply theo- ries, and they want to do all these tasks with the same model. Bassman’s critique was that they can’t have it all. The recent critiques of macroeconometrics are leading more and more people to believe that Bassman was right, and that most of the real-world practices of...
Journal Article
History of Political Economy (1 December 2011) 43 (suppl_1): 166–187.
Published: 01 December 2011
... . Bodkin Ronald G. Klein Lawrence R. Marwah Kanta . 1991 . A History of Macroeconometric Model-Building . Aldershot, U.K. : Elgar . Brainard William C. Tobin James . 1968 . Pitfalls in Financial Model Building . American Economic Review: AEA Papers and Proceedings 58.2 : 99...
Journal Article
History of Political Economy (1 January 1997) 29 (suppl_1): 63–90.
Published: 01 January 1997
... flesh and blood on this system. The optimism was fostered by the successful development of macroeconometric modeling in the late 1940s and early 1950s, which culminated in the Klein-Goldberger model of the United States (1955). Seen as a research program in strict Lakatosian sense, the...
Journal Article
History of Political Economy (1 December 2011) 43 (suppl_1): 1–4.
Published: 01 December 2011
... in Taiwan played equally important roles. The new shape of the history has also opened up new disciplinary foci and rela- tionships: the relationship between sociology and welfare in Italian econo- metrics; the extraordinary investment in macroeconometric models and input-output models in Japan...
Journal Article
History of Political Economy (1 December 2012) 44 (suppl_1): 226–249.
Published: 01 December 2012
... component could be seen as a mixture of “error” and Frisch’s “impulses.” The word shock frequently encompassed them both. Macroeconometric modeling used the terminology of shocks more frequently, characterizing them as phenomena (thus inferred and not observed): phenomena that were described only to...
Journal Article
History of Political Economy (1 December 2011) 43 (suppl_1): 86–105.
Published: 01 December 2011
... : 173 – 82 . Bernanke B. S. 2004 . Editorial Statement . American Economic Review 94 : 404 . Bodkin R. G. 1999 . Computation in Macroeconometric Model-Building: Some Historical Aspects . In Advances in Econometrics, Income Distribution, and Scientific Methodology: Essays in...