Fellows' Books

Causality in Macroeconomics

Causality in Macroeconomics

From the publisher’s description:

Causality in Macroeconomics examines causality while taking macroeconomics seriously. A pragmatic and realistic philosophy is joined to a macroeconomic foundation that refines Herbert Simon’s well-known work on causal order to make a case for a structural approach to causality. The structural approach is used to understand modern rational expectations models, regime switching models, Granger causality, vector autoregressions, the Lucas critique, and concept exogeneity. Techniques of causal inference based on patterns of stability and instability in the face of identified regime changes are developed and illustrated in two empirical case studies.

Hoover, Kevin D. (NHC Fellow, 1991–92). Causality in Macroeconomics. Cambridge, UK: Cambridge University Press, 2001. ISBN 9780521452175.

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Publisher

Cambridge University Press

Year

2001

Asset Type

Images

Language

English

Subject Term

Macroeconomics Causality