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Some Notes on the Scientific Methods of Simon Kuznets
Fogel, Robert W. - 2021
on his approach to measurement and theory. The paper closes with the transcription of a brief autobiographical talk by …
Persistent link: https://www.econbiz.de/10013237578
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Economic Imperialism
Lazear, Edward P. - 2000
theory. Finally, a focus on efficiency leads economists to ask questions that other social sciences ignore. These ingredients …
Persistent link: https://www.econbiz.de/10014174221
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RBC Methodology and the Development of Aggregate Economic Theory
Prescott, Edward C. - 2016
This essay reviews the development of neoclassical growth theory, a unified theory of aggregate economic phenomena that … was first used to study business cycles and aggregate labor supply. Subsequently, the theory has been used to understand …—evidence that the theory has a life of its own, directing researchers to essentially the same conclusions when they apply its …
Persistent link: https://www.econbiz.de/10012986686
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Economic Imperialism
Lazear, Edward P. - 2021
theory. Finally, a focus on efficiency leads economists to ask questions that other social sciences ignore. These ingredients …
Persistent link: https://www.econbiz.de/10013311631
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Instruments of Development : Randomization in the Tropics, and the Search for the Elusive Keys to Economic Development
Deaton, Angus - 2010
randomized controlled trials (RCTs) to accumulate credible knowledge of what works, without over-reliance on questionable theory …
Persistent link: https://www.econbiz.de/10012757925
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New Keynesian Models : Not Yet Useful for Policy Analysis
Chari, Varadarajan V. - 2010
Macroeconomists have largely converged on method, model design, reduced-form shocks, and principles of policy advice. Our main disagreements today are about implementing the methodology. Some think New Keynesian models are ready to be used for quarter-to-quarter quantitative policy advice; we do...
Persistent link: https://www.econbiz.de/10012758420
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Will Monetary Policy Become More of a Science?
Mishkin, Frederic S. - 2010
This paper reviews the progress that the science of monetary policy has made over recent decades. This progress has significantly expanded the degree to which the practice of monetary policy reflects the application of a core set of quot;scientific principlesquot;. However, there remains, and...
Persistent link: https://www.econbiz.de/10012759738
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Methodological Frontiers of Public Finance Field Experiments
Kling, Jeffrey R. - 2010
The purpose of this article is to demonstrate how a rich array of methods can be applied to increase the relevance of field experiments in public economics. Two cross-cutting themes are important in multiple phases of the research. First, greater statistical sophistication can draw more value...
Persistent link: https://www.econbiz.de/10012760378
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Modeling the Long Run : Valuation in Dynamic Stochastic Economies
Hansen, Lars Peter - 2008
I explore the equilibrium value implications of economic models that incorporate reactions to a stochastic environment. I propose a dynamic value decomposition (DVD) designed to distinguish components of an underlying economic model that influence values over long horizons from components that...
Persistent link: https://www.econbiz.de/10012770669
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Methods of Identification in Social Networks
Graham, Bryan S. - 2014
Social and economic networks are ubiquitous, serving as contexts for job search, technology diffusion, the accumulation of human capital and even the formulation of norms and values. The systematic empirical study of network formation - the process by which agents form, maintain and dissolve...
Persistent link: https://www.econbiz.de/10013048060