Campos, Julia; Ericsson, Neil R.; Hendry, David F. - Federal Reserve Board (Board of Governors of the … - 2005
of reduction, summarizes the approach of general-to-specific modeling, and discusses the econometrics of model selection …This paper discusses the econometric methodology of general-to-specific modeling, in which the modeler simplifies an …, noting that general-to-specific modeling is the practical embodiment of reduction. This paper then summarizes fifty …