The experiment in macroeconometrics

Journal of Economic Methodology 14 (2):143-166 (2007)
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. JEL Classifications: B41, C5, E37.
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DOI 10.1080/13501780701394060
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References found in this work BETA
Jim Woodward (2002). What is a Mechanism? A Counterfactual Account. Proceedings of the Philosophy of Science Association 2002 (3):S366-S377.

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