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macroeconometrics

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Journal Article
History of Political Economy 557–578.
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...
Journal Article
History of Political Economy (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...
Journal Article
History of Political Economy (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 (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 (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...
Journal Article
History of Political Economy (2019) 51 (3): 425–447.
Published: 01 June 2019
... . Acosta Juan Pinzón-Fuchs Erich 2018 . “ Macroeconometric Modeling and the SSRC’s Committee on Economic Stability, 1959–1963 .” Center for the History of Political Economy Working Paper Series , Duke University, No. 2018–08 . Acosta Juan Rubin Goulven 2018 . “ Bank Behavior...
Journal Article
History of Political Economy (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...
Journal Article
History of Political Economy (1994) 26 (1): 169–171.
Published: 01 March 1994
... 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 summary...
Journal Article
History of Political Economy (2022) 54 (2): 217–250.
Published: 01 April 2022
... of Macroeconometric Modeling: Working on the Fed-MIT-Penn Model, 1964–74 .” History of Political Economy 51 , no. 3 : 425 – 47 . Baranzini , Roberto , and Pascal Bridel . 2005 . “ ‘L’École de Lausanne,’ l'utilité marginale moyenne et l'idée de marché .” In Histoire des représentations du...
Journal Article
History of Political Economy (2019) 51 (5): 805–826.
Published: 01 October 2019
... and historians. The last and most recent involvement is a conference on the history of macroeconometric modeling which I orga- nized to find out what is currently happening on this topic. Errors and Refutations Within a short period around 1990, three monographs were published with the aim of covering...
Journal Article
History of Political Economy (1994) 26 (1): 167–169.
Published: 01 March 1994
.... 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 History...
Journal Article
History of Political Economy (2023) 55 (5): 1003–1005.
Published: 01 October 2023
... theoretical and empirical research activities. Along with Lawrence Klein, Ando was Visco's PhD supervisor and mentor at the University of Pennsylvania in the 1970s. In 1982 Visco was put in charge of a team to build the Bank of Italy's first macroeconometric quarterly model. Soon thereafter, he invited...
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 (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 (2004) 36 (Suppl_1): 1–11.
Published: 01 December 2004
... macroeconomic research, the IS-LM model continues to be a mainstay of undergraduate textbooks, finds wide application in ar- eas of applied macroeconomics away from the front lines of macroeco- nomic theory, and lies at the conceptual core of most government and commercial macroeconometric models. What...
Journal Article
History of Political Economy 10956544.
Published: 27 September 2023
... . Acosta , Juan , and Goulven Rubin . 2019 . “ Bank Behavior in Large-Scale Macroeconometric Models of the 1960s .” History of Political Economy 51 , no. 3 : 471 – 91 . Alvarez-Lois , Pedro , Richard Harrison , Laura Piscitelli , and Alasdair Scott . 2008...
Includes: Supplementary data
Journal Article
History of Political Economy (2012) 44 (suppl_1): 226–249.
Published: 01 December 2012
... 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 be set aside as of secondary interest. Our story addresses the breakdown, beginning in the early 1970s...
Journal Article
History of Political Economy (2020) 52 (5): 827–861.
Published: 01 October 2020
..., Interest, and Prices . Evanston, IL : Row, Peterson and Company . Pinzon-Fuchs Erich . 2016 . “ Macroeconometric Modeling as a ‘Photographic Description of Reality’ or as an ‘Engine for the Discovery of Concrete Truth’? Friedman and Klein on Statistical Illusions .” CHOPE Working Paper...
Journal Article
History of Political Economy (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 (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...