The History of Macroeconometric Modeling

Bibliographic Data

ID4297149
AuthorsMarcel Boumans (0000-0002-8717-8148), Pedro Garcia Duarte (0000-0003-3525-7036)
Year2019
Volume51
Issue3
Pages391-400
Publication date2019-06-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueHistory of Political Economy (JOURNAL)
Journal identifiersISSN: 0018-2702 • E-ISSN: 1527-1919
PublisherDuke University Press (PUBLISHER • US)
DOI10.1215/00182702-7551828
OpenAlexW2948374191
LanguageEN
Citations received17
References cited19

In the past two decades some of the history of economics turned from histories of economic ideas or economic thought, focusing on the study of “theories” and “schools of thought”, to histories of, for example, epistemic mediators such as “models”, “experiments”, “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 of tools, especially macroeconometric models. These models are never built by one person, but require close cooperation of multiple teams, each from a specific discipline, while their workplaces are not necessarily located at universities. Unlike theories, a tool is designed and made for a specific purpose and have clients. This shift of focus from macroeconomic theories to macroeconometric models will perhaps give as a better understanding of the unfolding of modern economics

Economic model · Economics · Epistemology · Focus (optics · Macroeconomics · Perspective (graphical · Positive economics · Computer Science · Economic Theory and Institutions · Economic Theory and Policy · Monetary Policy and Economic Impact · Philosophy

Tools

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