Empirical Macroeconomics in a Policy Context
Bibliographic Data
| ID | 4297564 |
|---|---|
| Authors | Antonella Rancan (0000-0003-0481-1639, corresponding author) |
| Year | 2019 |
| Volume | 51 |
| Issue | 3 |
| Pages | 449-470 |
| Publication date | 2019-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | History of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0018-2702 • E-ISSN: 1527-1919 |
| Publisher | Duke University Press (PUBLISHER • US) |
| DOI | 10.1215/00182702-7551864 |
| OpenAlex | W2969383791 |
| Language | EN |
| Citations received | 9 |
| References cited | 32 |
The Keynesian and Monetarist debate of the 1960s and 1970s has been mainly reconstructed starting from the contributions of leading Keynesian economists, on the one side, and Milton Friedman on the other. Even if the empirical character of the controversy has been recognized, the role played by macroeconometric models has been little investigated. This article enlarges the perspective looking at the interactions between monetary economists outside and within the Federal Reserve System, through the building of the Fed-MIT-Penn large-scale econometric model, and the St. Louis reduced-form model. The models’ empirical results were instrumental to theoretical and policy discussions, while the use of different statistical approaches involved methodological dispute and partly anticipated most of the issues central in the late 1970s
Character (mathematics · Context (archaeology · Econometric model · Econometrics · Economics · Empirical research · Epistemology · Keynesian economics · Macroeconomics · Monetarism · Monetary policy · New Keynesian economics · Perspective (graphical · Positive economics · Economic Theory and Institutions · Economic Theory and Policy · History · Monetary Policy and Economic Impact · Philosophy
Econometric Models of the Savings Deposit Market
The Transformation of Economic Analysis at the Board of Governors of the Federal Reserve System During the 1960s
The “Place of the Phillips Curve” in Macroeconometric Models
Modelling intervention
From dynamics to stabilisation
Peddling Macroeconometric Modeling and Quantitative Policy Analysis
Six Decades of Economic Research at the Bank of England
Balbach and Brunner
Theory to the Rescue of Large-Scale Models
A Monetary History of the United States, 1867-1960
The New Lombard Street
Liquidity Preference and the Theory of Interest and Money
Macroeconomics and Reality
Investigating Causal Relations by Econometric Models and Cross-spectral Methods
Money and Business Cycles
Assumptions? and the cognitive quality of theories
The Brookings Quarterly Econometric Model of the United States
An Econometric Model of the United States, 1929-1952
Debt Management and the Term Structure of Interest Rates
A Theoretical Framework for Monetary Analysis
Studies in Monetary Economics
IS-LM and Monetarism
| Unique citing works | 9 |
|---|---|
| Citations per year | 1,29 |
| Citation span | 2019 - 2026 (8) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 9 |