The experiment in macroeconometrics

Staszewska, Anna and Aldrich, John (2005) The experiment in macroeconometrics (Discussion Papers in Economics and Econometrics, 604) Southampton, UK. University of Southampton 36pp.

Record type: Monograph (Discussion Paper)

Abstract

This paper examines the experiment in macroeconometrics, the different forms it has taken and the rules that have been proposed for its proper conduct. Here an "experiment" means putting a question to a model and getting an answer. Different types of experiment are distinguished and the justification that can be provided for a particular choice of experiment is discussed. Three types of macroeconometric modelling are considered: the Cowles (system of equations) approach, the vector autoregressive model approach and the computational experiment.

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Published date: 2005

Additional Information: JEL classification: B41, C5, E37

Related URLs:

http://www.southampton.ac.uk/s...?Year=2005

Keywords: experiment, impulse response analysis, ceteris paribus, structural invariance

Identifiers

Local EPrints ID: 39652

URI: http://eprints.soton.ac.uk/id/eprint/39652

PURE UUID: 72bfbf15-df59-4b01-ad8c-eb3614c2d282

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Date deposited: 29 Jun 2006

Last modified: 15 Mar 2024 08:15

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Contributors

Author: Anna Staszewska

Author: John Aldrich

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