Munich Personal RePEc Archive

A Historical Sketch of Macroeconometrics

Rahmanov, Ramiz (2014): A Historical Sketch of Macroeconometrics.

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The paper describes the evolutionary history of Macroeconometrics over the last one hundred years. Three main approaches are distinguished, their underlying principles are discussed and the weakness of each principle is considered. The paper also shows the current developments in the field and indicates the directions of the research currently undertaken.

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