The Methodology of Empirical Macroeconomics
Economic methodology typically focuses on microeconomic theory. The Methodology of Empirical Macroeconomics breaks new ground by focusing instead on the genuine problems that arise for macroeconomists trying to relate theory to data. It demonstrates that with careful attention to actual macroeconomic practice, economic methodology and the philosophy of science help to resolve problems faced by working macroeconomists. Some issues addressed are: the relationship between theoretical models and empirical observations; microfoundations for macroeconomics; the scope and nature of economic laws, the role of idealizations, methodological individualism, and the problem of causality.
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The Methodology of Empirical Macroeconomics
Economic methodology typically focuses on microeconomic theory. The Methodology of Empirical Macroeconomics breaks new ground by focusing instead on the genuine problems that arise for macroeconomists trying to relate theory to data. It demonstrates that with careful attention to actual macroeconomic practice, economic methodology and the philosophy of science help to resolve problems faced by working macroeconomists. Some issues addressed are: the relationship between theoretical models and empirical observations; microfoundations for macroeconomics; the scope and nature of economic laws, the role of idealizations, methodological individualism, and the problem of causality.
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The Methodology of Empirical Macroeconomics

The Methodology of Empirical Macroeconomics

by Kevin D. Hoover
The Methodology of Empirical Macroeconomics

The Methodology of Empirical Macroeconomics

by Kevin D. Hoover

Overview

Economic methodology typically focuses on microeconomic theory. The Methodology of Empirical Macroeconomics breaks new ground by focusing instead on the genuine problems that arise for macroeconomists trying to relate theory to data. It demonstrates that with careful attention to actual macroeconomic practice, economic methodology and the philosophy of science help to resolve problems faced by working macroeconomists. Some issues addressed are: the relationship between theoretical models and empirical observations; microfoundations for macroeconomics; the scope and nature of economic laws, the role of idealizations, methodological individualism, and the problem of causality.

Product Details

ISBN-13: 9780521003216
Publisher: Cambridge University Press
Publication date: 10/11/2001
Edition description: New Edition
Pages: 200
Product dimensions: 5.98(w) x 9.02(h) x 0.47(d)
Lexile: 1270L (what's this?)

Table of Contents

1. Some methodological problems in macroeconomics; 2. Are there macroeconomic laws?; 3. Does macroeconomics need microfoundations?; 4. Causality in macroeconomics; 5. Pragmatism, realism, and the practice of macroeconomics.
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