Showing 1 - 10 of 10
This article explores Robert E. Lucas's policy agenda and his engagement with the public debate between 1968 and 1987. It investigates how he interacted with the public debate by envisioning key principles of his macroeconomic theory and methodology, and how he promoted his policy agenda. An...
Persistent link: https://www.econbiz.de/10011904609
The International Seminar on Macroeconomics (ISoM) is an annual conference, which was co-sponsored, during 15 years (1978-1993) by the French EHESS and the NBER. This article uncovers the scientific and institutional dynamics unrolling from this cooperation. The ISoM, we argue, constituted a...
Persistent link: https://www.econbiz.de/10012143472
This contribution to the history of the economic thought aims at describing how “Econometric Policy Evaluation: A Critique” (Lucas, 1976) has been interpreted through four decades of debates. This historical appraisal clarifies how Lucas's argument is currently understood and discussed...
Persistent link: https://www.econbiz.de/10012909217
Persistent link: https://www.econbiz.de/10012935558
We illustrate how the Lucas Critique was called into question by Keynesian macroeconomists during the 1970s and 1980s. Our claim is that Keynesians' reactions were carried out from a pragmatic approach, which addressed the empirical and practical relevance of the Critique. Keynesians rejected...
Persistent link: https://www.econbiz.de/10012932347
Persistent link: https://www.econbiz.de/10012240953
The International Seminar on Macroeconomics (ISoM) is an annual conference, which was co-sponsored, during 15 years (1978-1993) by the French EHESS and the NBER. This article uncovers the scientific and institutional dynamics unrolling from this cooperation. The ISoM, we argue, constituted a...
Persistent link: https://www.econbiz.de/10012135419
This article explores Robert E. Lucas's policy agenda and his engagement with the public debate between 1968 and 1987. It investigates how he interacted with the public debate by envisioning key principles of his macroeconomic theory and methodology, and how he promoted his policy agenda. An...
Persistent link: https://www.econbiz.de/10011899140
According to its creator Michel Juillard, Dynare is a “pre-processor and a collection of routines” aimed at solving and estimating non-linear rational expectation models. This article focuses on the role of Dynare in the dissemination of dynamic stochastic general equilibrium (DSGE) models...
Persistent link: https://www.econbiz.de/10014345400
The purpose of the paper is to provide a methodological framework for a critical analysis of a specific class of macroeconomic models, namely the dynamic stochastic general equilibrium models (DSGE). We suggest some epistemological reflections to explore the underlying methodology and history of...
Persistent link: https://www.econbiz.de/10011098352