The University of Southampton
University of Southampton Institutional Repository

The experiment in macroeconometrics

The experiment in macroeconometrics
The experiment in macroeconometrics
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.



experiment, impulse response analysis, ceteris paribus, structural invariance
604
University of Southampton
Staszewska, Anna
76c0e02b-9d89-4039-8bb8-4d64186df6d4
Aldrich, John
206ecaac-00de-46ff-98d7-0b87668859de
Staszewska, Anna
76c0e02b-9d89-4039-8bb8-4d64186df6d4
Aldrich, John
206ecaac-00de-46ff-98d7-0b87668859de

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.



PDF
0604.pdf - Other
Download (254kB)

More information

Published date: 2005
Additional Information: JEL classification: B41, C5, E37
Keywords: experiment, impulse response analysis, ceteris paribus, structural invariance

Identifiers

Local EPrints ID: 39652
URI: https://eprints.soton.ac.uk/id/eprint/39652
PURE UUID: 72bfbf15-df59-4b01-ad8c-eb3614c2d282

Catalogue record

Date deposited: 29 Jun 2006
Last modified: 17 Jul 2017 15:36

Export record

Contributors

Author: Anna Staszewska
Author: John Aldrich

University divisions

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of https://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×