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structural modeling

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Journal Article
History of Political Economy (2011) 43 (4): 779–781.
Published: 01 November 2011
...Jim Thomas Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function . By Chao Hsiang-Ke . London : Routledge , 2009 . xiii; 161 pp. £65.00 . Copyright 2011 by Duke University Press 2011 References Malinvaud Edmond...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 283–308.
Published: 01 December 2011
... involved modelers making certain trade-offs between theory and data, and their different positions generated disputes, factions, and confusion. It also reveals that the history of econometric modeling of the Phillips curve mirrors the evolving process of how the Cowles structural modeling paradigm has...
Journal Article
History of Political Economy (2010) 42 (1): 21–73.
Published: 01 March 2010
... by transferring methodological principles, and on the methods he proposed for economics, such as his axiomatization approach, his structural modeling approach, which became a cornerstone for macroeconomics, his refined explication of concepts such as static/dynamic, micro/macro, and equilibrium, and his concern...
Journal Article
History of Political Economy (2021) 53 (S1): 259–292.
Published: 01 December 2021
... approach to this problem of the statistical determination of a model’s parameters. Leontief was an outspoken critic of the probabilistic approach to econometrics and presented his interindustry device as an alternative. Focusing on his book published in 1941, The Structure of American Economy, 1929–1929...
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 (2017) 49 (Supplement): 158–186.
Published: 01 December 2017
... . 1995 . “ When Input-Output Analysis Came to Norway .” Structural Change and Economic Dynamics 6 : 319 – 30 . Bjerkholt Olav . 1998 . “ Interaction between Model Builders and Policy Makers in the Norwegian Tradition .” Economic Modeling 15 : 317 – 39 . Bjerkholt Olav . 2009...
Journal Article
History of Political Economy (2020) 52 (1): 101–133.
Published: 01 February 2020
... implication of Fourastié’s more general model. Correspondence may be addressed to Alain Alcouffe by email: alain.alcouffe@ut-capitole.fr ; and David Le Bris: d.le-bris@tbs-education.fr . Copyright © 2020 Duke University Press 2020 technical progress structural change growth model cost...
Journal Article
History of Political Economy (2016) 48 (suppl_1): 198–225.
Published: 01 December 2016
... as ‘mathematical models’ of operations. To develop these models, it will be necessary to determine in advance the structure of the relation- ships between each activity and every other activity. It will also be neces- sary to specify quantitatively the coefficients which enter into all of these relationships...
Journal Article
History of Political Economy (1990) 22 (1): 180–182.
Published: 01 March 1990
... in the groundwork and improvement of all the modern macroeconomic schools- Keynesian, as well as monetarist and new classical. One can therefore only welcome Epstein’s book as a serious effort to fill this gap. The book is focused on structural models and on the work done in the 1940s by the Cowles...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 140–165.
Published: 01 December 2011
... structural models, and between Cowles and the National Bureau of Economic Research (NBER) on theory without mea- surement. Liu’s works, to some extent, are thus overshadowed by those debates. His later adoption of Wold’s recursive methodology might also imply that Liu is a Woldian, and his role...
Journal Article
History of Political Economy (1985) 17 (4): 677–680.
Published: 01 November 1985
... of the demand for money, the stability of monetary velocity compared with the autonomous expenditure niulti- plier, and the relative merits of reduced-form estimation and structural models. Friedman’s role in these debates (and others) has clearly established him as the key player...
Journal Article
History of Political Economy (1997) 29 (suppl_1): 63–90.
Published: 01 January 1997
..., estimate and assess the parameter estimates of structural models conforming to the theory of optimizing agent behavior, stochastically formu­ lated.” (De Marchi and Gilbert 1989, 5-6) A sharp critique of the Cowles approach came from Milton Friedman (1951), who severely...
Journal Article
History of Political Economy (2017) 49 (Supplement): 127–157.
Published: 01 December 2017
... . Munnell A. H. , ed. 1986 . Lessons from the Income Maintenance Experiments . Conference Series No. 30 . Federal Reserve Bank of Boston . Nevo A. Whinston M. D. 2010 . “ Taking the Dogma out of Econometrics: Structural Modeling and Credible Inference .” Journal of Economic...
Journal Article
History of Political Economy (2012) 44 (suppl_1): 226–249.
Published: 01 December 2012
... that perturbed the economic system away from equilibrium, and the structural properties of this system. The second is Trygve Haavelmo’s (1944) divi- sion of econometric models into a deterministic component and a ran- dom component, which could be characterized by a well-behaved proba- bility distribution...
Journal Article
History of Political Economy (2016) 48 (suppl_1): 226–238.
Published: 01 December 2016
... with quantitative, structural modeling. That way of putting the choice does not seem wholly wrong, but it is lacking in nuance. My reading of the evidence is that leading development economists such as Chenery, and the aid-giving institutions with which they were linked, simply could not grasp...
Journal Article
History of Political Economy (1997) 29 (suppl_1): 313–329.
Published: 01 January 1997
... of prices/quantities, in science, 290 255,260-61,266 social context of, 299 reading back from classic texts, structure model, 69, 85 211-14 Modigliani-Miller theorem (MM scientific, 230 (see also...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 304–314.
Published: 01 December 2009
.../00182702-2009-029 Copyright 2009 by Duke University Press Endogenous Growth: Valuable Advance, Substantive Misnomer 305 form model into the corresponding structural model, with all that this transformation can reveal. But by and large, from what I have seen of the endogenous growth...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 271–304.
Published: 01 December 2004
... analysis follows an IS-LM ap- proach if the model’s structure includes two equations (which in general will be both dynamic and stochastic): an equation describing aggregate real spending behavior in terms of financial variables; and a money de- mand equation relating the real quantity of money demanded...
Journal Article
History of Political Economy (2022) 54 (2): 217–250.
Published: 01 April 2022
... of the Koopmans-Vining controversy and noted that both addressed the reliability/arbitrariness of the structural model but recommended radically different solutions. While Lucas wanted to impose additional a priori restrictions (supposedly more consistent with general equilibrium theory), Sims pushed for removing...
Journal Article
History of Political Economy (2020) 52 (3): 561–587.
Published: 01 June 2020
... Michael D. . 2010 . “ Taking the Dogma out of Econometrics: Structural Modeling and Credible Inference .” Journal of Economic Perspectives 24 , no. 4 : 69 – 82 . doi.org/10.1257/jep.24.2.69 . O’Connor Alice . 2002 . “ Introduction .” In Poverty Knowledge: Social Science, Social...