This paper examines the econometric causal model for policy analysis developed by the seminal ideas of Ragnar Frisch and Trygve Haavelmo. We compare the econometric causal model with two popular causal frameworks: Neyman-Holland causal model and the do-calculus. The Neyman-Holland causal model...

Research involving econometric modeling uses lagged variables to incorporate the value of a particular variable at a point of time in the past and also to incorporate the time factor as a cause, i.e. causal-time. This paper argues and cautions that the use of lagged variables to represent...

Europe's notoriously high level of unemployment is one of the big puzzles of empirical macroeconomics. In recent years, the unemployment rate has fallen in The Netherlands, but the overall level in OECD Europe remains high. An investigation into why Dutch economic policy has been relatively...