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On Theil's Errors
Magnus, J.R; Sinha, Ashoke - 2004
We take a fresh look at Theil's BLUS residuals and ask why they have gone out of fashion. All our simulation experiments indicate that tests based on BLUS residuals have higher power than those based on the more popular recursive residuals, even in those cases (structural breaks) where intuition...
Persistent link: https://www.econbiz.de/10014071558
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Econometrics : The Keynes-Tinbergen Controversy
Boumans, Marcel J. - 2015
The controversy between Keynes and Tinbergen was about the applicability of regression analysis to economic material. According to Keynes, a necessary requirement was that the economic material is homogeneous, in time and place, and that therefore Tinbergen should test his material for this...
Persistent link: https://www.econbiz.de/10014138031
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On the reception of Haavelmo's econometric thought
Hoover, Kevin D. - 2012
Trygve Haavelmo's The Probability Approach in Econometrics (1944) has been widely regarded as the foundation document … of modern econometrics. Nevertheless, its significance has been interpreted in widely different ways. Some modern … techniques and a close reading of econometrics articles and textbooks to trace the way in which the economics profession received …
Persistent link: https://www.econbiz.de/10011708115
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Ragnar Frisch's axiomatic approach to econometrics
Bjerkholt, Olav - 2012 - Published Aug 28, 2012 12:34 PM
Ragnar Frisch's concept of econometrics was broader in scope than the more restricted connotation it has today as a sub …
Persistent link: https://www.econbiz.de/10009581438
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Imagination Rather than Observation in Econometrics : Ragnar Frisch's Hypothetical Experiments As Thought Experiments
Herfeld, Catherine Sophia - 2018
In economics, thought experiments are frequently justified by the difficulty of conducting controlled experiments. They serve several functions, such as establishing causal facts, isolating tendencies, and allowing inferences from models to reality. In this paper, I argue that thought...
Persistent link: https://www.econbiz.de/10012912824
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Edmond Malinvaud : A Tribute to His Contributions in Econometrics
Phillips, Peter C. B. - 2015
This paper provides a tribute to Edmond Malinvaud's contributions to econometrics. We overview the primary original … contributions in Edmond Malinvaud's masterful work The Statistical Methods of Econometrics. This advanced text developed a complete …
Persistent link: https://www.econbiz.de/10013020487
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On the Reception of Haavelmo’s Econometric Thought
Hoover, Kevin D. - 2012
Trygve Haavelmo’s The Probability Approach in Econometrics (1944) has been widely regarded as the foundation document … of modern econometrics. Nevertheless, its significance has been interpreted in widely different ways. Some modern … techniques and a close reading of econometrics articles and textbooks to trace the way in which the economics profession received …
Persistent link: https://www.econbiz.de/10014173201
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A Scientific Revolution of Keynesian Economics : US Evidence
Sy, Wilson N. - 2014
This paper is a scientific revolution in motion. Pragmatic empirical work is combined with macroeconomic theory to provide a scientific analysis of the influence of Keynesian theories on the performance the US economy since the Second World War. Despite recent decades of apparent revival of...
Persistent link: https://www.econbiz.de/10013059671
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The other J. M. : John Maurice Clark and the Keynesian revolution
Fiorito, Luca (contributor); Vernengo, Matías (contributor) - 2008
This paper suggests that Clark's views regarding the Keynesian Revolution illuminate some of the limitations of the Keynesian orthodoxy that developed after the war, bringing more institutional detail and a greater preocupation with dynamic analysis. Clark developed the multiplier in dynamic...
Persistent link: https://www.econbiz.de/10003732751
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Going concerns, futurity and reasonable value
Atkinson, Glen - In: Journal of economic issues : jei 43 (2009) 2, pp. 433-440
Persistent link: https://www.econbiz.de/10003862934