The Methodology of Empirical Macroeconomics

ISBN-13: 9780521003216 / Angielski / Miękka / 2001 / 200 str.

Kevin D. Hoover

Opis

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.

Recenzje

'Straddling the two worlds of economics methodology and practicing macroeconomics, Hoover's book requires and merits a serious reading.' Journal of Economics

Spis treści

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.