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The Methodology of Empirical Macroeconomics

The Methodology of Empirical Macroeconomics

Paperback

EconomicsGeneral Political Science

ISBN10: 0521003210
ISBN13: 9780521003216
Publisher: Cambridge University Press
Published: Oct 11 2001
Pages: 200
Weight: 0.66
Height: 0.46 Width: 6.00 Depth: 9.00
Language: English
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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Economics