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The Methodology Of Empirical Macroeconomics


The Methodology Of Empirical Macroeconomics
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The Methodology Of Empirical Macroeconomics


The Methodology Of Empirical Macroeconomics
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Author : Kevin D. Hoover
language : en
Publisher: Cambridge University Press
Release Date : 2001-10-11

The Methodology Of Empirical Macroeconomics written by Kevin D. Hoover and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-10-11 with Business & Economics categories.


The Methodology of Empirical Macroeconomics stakes out a pragmatic middle-ground between traditional, prescriptive economic methodology and recent descriptive (sociological or rhetorical) methodology. The former is sometimes seen as arrogantly telling economists how to do their work and the latter as irrelevant to their practice. The lectures are built around a case study of a concrete example of macroeconomic analysis. They demonstrate that economic methodology and the philosophy of science offer insights that help to resolve the genuine concerns of macroeconomists. Some examples of questions addressed include: What is the relationship between theoretical models and empirical observations? What is the relevance of macroeconomics to policy? Should macroeconomics be viewed as a special case of microeconomics? What is the place of long-standing philosophical issues in macroeconomics, such as the scope and nature of economic laws, the role of idealizations, methodological individualism, and the problem of causality?



The Methodology Of Empirical Macroeconomics


The Methodology Of Empirical Macroeconomics
DOWNLOAD
Author : Kevin D. Hoover
language : en
Publisher: Cambridge University Press
Release Date : 2001-10-11

The Methodology Of Empirical Macroeconomics written by Kevin D. Hoover and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-10-11 with Business & Economics categories.


Economic methodology typically focuses on microeconomic theory. The Methodology of Empirical Macroeconomics breaks new ground by focusing instead on the genuine problems that arise for macroeconomists trying to relate theory to data. It demonstrates that with careful attention to actual macroeconomic practice, economic methodology and the philosophy of science help to resolve problems faced by working macroeconomists. Some issues addressed are: the relationship between theoretical models and empirical observations; microfoundations for macroeconomics; the scope and nature of economic laws, the role of idealizations, methodological individualism, and the problem of causality.



Handbook Of Research Methods And Applications In Empirical Macroeconomics


Handbook Of Research Methods And Applications In Empirical Macroeconomics
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Author : Nigar Hashimzade
language : en
Publisher: Edward Elgar Publishing
Release Date : 2013-01-01

Handbook Of Research Methods And Applications In Empirical Macroeconomics written by Nigar Hashimzade and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-01 with Business & Economics categories.


This comprehensive Handbook presents the current state of art in the theory and methodology of macroeconomic data analysis. It is intended as a reference for graduate students and researchers interested in exploring new methodologies, but can also be employed as a graduate text. The Handbook concentrates on the most important issues, models and techniques for research in macroeconomics, and highlights the core methodologies and their empirical application in an accessible manner. Each chapter is largely self-contained, whilst the comprehensive introduction provides an overview of the key statistical concepts and methods. All of the chapters include the essential references for each topic and provide a sound guide for further reading. Topics covered include unit roots, non-linearities and structural breaks, time aggregation, forecasting, the Kalman filter, generalised method of moments, maximum likelihood and Bayesian estimation, vector autoregressive, dynamic stochastic general equilibrium and dynamic panel models. Presenting the most important models and techniques for empirical research, this Handbook will appeal to students, researchers and academics working in empirical macro and econometrics.



Bayesian Multivariate Time Series Methods For Empirical Macroeconomics


Bayesian Multivariate Time Series Methods For Empirical Macroeconomics
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Author : Gary Koop
language : en
Publisher: Now Publishers Inc
Release Date : 2010

Bayesian Multivariate Time Series Methods For Empirical Macroeconomics written by Gary Koop and has been published by Now Publishers Inc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.


Bayesian Multivariate Time Series Methods for Empirical Macroeconomics provides a survey of the Bayesian methods used in modern empirical macroeconomics. These models have been developed to address the fact that most questions of interest to empirical macroeconomists involve several variables and must be addressed using multivariate time series methods. Many different multivariate time series models have been used in macroeconomics, but Vector Autoregressive (VAR) models have been among the most popular. Bayesian Multivariate Time Series Methods for Empirical Macroeconomics reviews and extends the Bayesian literature on VARs, TVP-VARs and TVP-FAVARs with a focus on the practitioner. The authors go beyond simply defining each model, but specify how to use them in practice, discuss the advantages and disadvantages of each and offer tips on when and why each model can be used.



Stochastic Dynamic Macroeconomics


Stochastic Dynamic Macroeconomics
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Author : Gang Gong
language : en
Publisher: Oxford University Press
Release Date : 2006-01-19

Stochastic Dynamic Macroeconomics written by Gang Gong and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-19 with Business & Economics categories.


This is a book on stochastic dynamic macroeconomics from a Keynesian perspective. It shows that including Keynesian features in intertemporal models considerably contributes to resolve major puzzles arising in the context of the Dynamic General Equilibrium (DGE) model. It also demonstrates that including microeconomic intertemporal behavior of economic agents in macroeconomics is not inconsistent with Keynesian economics.



Routledge Handbook Of Macroeconomic Methodology


Routledge Handbook Of Macroeconomic Methodology
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Author : Jesper Jespersen
language : en
Publisher: Taylor & Francis
Release Date : 2023-06-20

Routledge Handbook Of Macroeconomic Methodology written by Jesper Jespersen and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-20 with Business & Economics categories.


The present macroeconomic crisis has demonstrated that a deeper understanding of the importance of relevant macroeconomic theories and methods is wanting. Additionally, lack of methodological awareness is behind much of the disagreement within macroeconomics which, looked upon from outside, often appears incomprehensible. The Handbook gives a structured presentation of the study of principles and procedures by which macroeconomics is researched, taught and communicated both within academia and to a wider audience, and why specific theories, research strategies and teaching are preferred. The principles of selecting theory relevant to real-world problems are the core of methodology. This book contains a broad range of arguments behind theory construction and appraisal and the consequences of these choices within the field of macroeconomics. An international range of experts provide clear analysis of key concepts, ideas and principles to give academics, students and others a better understanding of the macroeconomics behind policy conclusions which are put forward at different levels.



Structural Macroeconometrics


Structural Macroeconometrics
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Author : David N. DeJong
language : en
Publisher: Princeton University Press
Release Date : 2011-10-23

Structural Macroeconometrics written by David N. DeJong and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-23 with Business & Economics categories.


Provides an overview and exploration of methodologies, models, and techniques used to analyze forces shaping national economies. This title presents a range of methods for characterizing and evaluating empirical implications, including calibration exercises, method-of-moment procedures, and likelihood-based procedures, both classical and Bayesian.



Causality In Macroeconomics


Causality In Macroeconomics
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Author : Kevin D. Hoover
language : en
Publisher: Cambridge University Press
Release Date : 2001-08-13

Causality In Macroeconomics written by Kevin D. Hoover and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-08-13 with Business & Economics categories.


First published in 2001, Causality in Macroeconomics addresses the long-standing problems of causality while taking macroeconomics seriously. The practical concerns of the macroeconomist and abstract concerns of the philosopher inform each other. Grounded in pragmatic realism, the book rejects the popular idea that macroeconomics requires microfoundations, and argues that the macroeconomy is a set of structures that are best analyzed causally. Ideas originally due to Herbert Simon and the Cowles Commission are refined and generalized to non-linear systems, particularly to the non-linear systems with cross-equation restrictions that are ubiquitous in modern macroeconomic models with rational expectations (with and without regime-switching). These ideas help to clarify philosophical as well as economic issues. The structural approach to causality is then used to evaluate more familiar approaches to causality due to Granger, LeRoy and Glymour, Spirtes, Scheines and Kelly, as well as vector autoregressions, the Lucas critique, and the exogeneity concepts of Engle, Hendry and Richard.



Applied Intermediate Macroeconomics


Applied Intermediate Macroeconomics
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Author : Kevin D. Hoover
language : en
Publisher: Cambridge University Press
Release Date : 2012

Applied Intermediate Macroeconomics written by Kevin D. Hoover and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Business & Economics categories.


A complete course in applied macroeconomics at the intermediate level that emphasizes the application of economic theory to real-world data and policy.