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A short history of macro-econometric modelling

Abstract:

The key stages in the development of empirical macro-econometric model building are briefly described. Essential steps included characterizing the economy as a system, collating aggregate macroeconomic time series on prices and quantities, isolating the many interacting concepts necessary for understanding how to empirically model economies, inventing viable methods of estimation and inference for dynamic systems, developing hardware and software calculating devices to make such approaches op...

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Publication status:
Published
Peer review status:
Peer reviewed

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Sub department:
EMOD
Oxford college:
Nuffield College
Role:
Author
ORCID:
0000-0002-8013-576X
Publisher:
College Press, Oxford Publisher's website
Journal:
Journal of Banking, Finance and Sustainable Development Journal website
Volume:
1
Issue:
1
Pages:
1-32
Publication date:
2020-06-29
Acceptance date:
2018-08-31
Language:
English
Keywords:
Pubs id:
pubs:923691
UUID:
uuid:c51f20c4-0e05-4cd4-8ed5-4a014cf32774
Local pid:
pubs:923691
Source identifiers:
923691
Deposit date:
2018-10-05

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