Macroeconomics and the Real World: Volume 1: Econometric Techniques and Macroeconomics: Econometric Techniques and Macroeconomics by Roger E. Backhouse

Macroeconomics and the Real World: Volume 1: Econometric Techniques and Macroeconomics: Econometric…

EditorRoger E. Backhouse, Andrea Salanti

Paperback | November 1, 2000

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Since the middle of the twentieth century, economists have invested great resources into using statistical evidence to relate macroeconomic theories to the real world, and many new econometric techniques have been employed. In these two volumes, a distinguished group of economic theorists,econometricians, and economic methodologists examine how evidence has been used and how it should be used to understand the real world. Volume 1 focuses on the contribution of econometric techniques to understanding the macroeconomic world. It covers the use of evidence to understand the business cycle, the operation of monetary policy, and economic growth. A further section offers assessments of the overall impact of recenteconometric techniques such as cointegration and unit roots. Volume 2 focuses on the labour market and economic policy, with sections covering the IS-LM model, the labour market, new Keynesian macroeconomics, and the use of macroeconomics in official documents (in both the USA and the EU). These volumes will be valuable to advanced undergraduates, graduate students, and practitioners for their clear presentation of opposing perspectives on macroeconomics and how evidence should be used. The chapters are complemented by discussion sections revealing the perspectives of othercontributors on the methodological issues raised.

About The Author

Roger E. Backhouse is at University of Birmingham. Andrea Salanti is at University of Bergamo.
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Title:Macroeconomics and the Real World: Volume 1: Econometric Techniques and Macroeconomics: Econometric…Format:PaperbackPublished:November 1, 2000Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199242046

ISBN - 13:9780199242047

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Table of Contents

1. Introduction to Volume 1Business Cycles2. Dan Harding and Adrian Pagan: Knowing the cycle3. Craig Burnside, Martin Eichenbaum and Jonas D.M. Fisher: Fiscal shocks in an efficiency wage model4(a). James Hartley: The return of business cyclesMonetary policy5. David F. Hendry: Does money determine UK inflation over the long run?6. Bennett T. McCallum: Recent developments in monetary policy analysis: the roles of theory and evidence7(a). Mary S. Morgan: Explanatory strategies for monetary policy analysis7(b). Monetary policy: general discussionThe influence of recent developments in econometric techniques8. Katarina Juselius: Models and relations in economics and econometrics9. Ron P. Smith: Unit roots and all that: the impact of time-series methods on macroeconomics10(a). Kevin D. Hoover: Models all the way down10(b). Carlo Favero: New econometric techniques and macroeconomics10(c). Econometric techniques: general discussionGrowth11. Steven N. Durlauf: Econometric analysis and the study of economic growth: a sceptical perspective12. Paolo Sylos Labini: Growth models and the explanation of the forces behind the development process13. Andrea Salanti: Why so much scepticism about growth theory?