Macroeconomic Modeling: The Cowles Commission Approach

by Ray C. Fair

An empirical approach to constructing macroeconomic models.

Macroeconomic Modeling presents an empirically based approach to the construction of macroeconomic models--the Cowles Commission approach--as a response to the backlash that has taken place since the late 1970s to this methodology. The emphasis in the literature has been on tightly specified theoretical models, which lack realism. In this book, Ray C. Fair develops models...

• Format: Paperback
• Language: English
• ISBN: 0262549840
• ISBN13: 9780262549844
• Release Date: January 2025
• Publisher: MIT Press
• Length: 286 Pages