1.

Record Nr.

UNINA9910828008503321

Autore

Hoover Kevin D. <1955->

Titolo

The methodology of empirical macroeconomics / / Kevin D. Hoover

Pubbl/distr/stampa

Cambridge, UK ; ; New York, NY, : Cambridge University Press, 2001

ISBN

1-107-12316-X

0-511-11951-8

0-511-61305-9

0-511-30382-3

0-511-15524-7

0-511-04788-6

1-280-15942-1

0-521-80272-5

Edizione

[1st ed.]

Descrizione fisica

1 online resource (xii, 186 pages) : digital, PDF file(s)

Disciplina

339

Soggetti

Macroeconomics - Methodology

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Nota di bibliografia

Includes bibliographical references (p. 169-177) and index.

Nota di contenuto

; 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.

Sommario/riassunto

The Methodology of Empirical Macroeconomics stakes out a pragmatic middle-ground between traditional, prescriptive economic methodology and recent descriptive (sociological or rhetorical) methodology. The former is sometimes seen as arrogantly telling economists how to do their work and the latter as irrelevant to their practice. The lectures are built around a case study of a concrete example of macroeconomic analysis. They demonstrate that economic methodology and the philosophy of science offer insights that help to resolve the genuine concerns of macroeconomists. Some examples of questions addressed include: What is the relationship between theoretical models and empirical observations? What is the relevance of macroeconomics to policy? Should macroeconomics be viewed as a



special case of microeconomics? What is the place of long-standing philosophical issues in macroeconomics, such as the scope and nature of economic laws, the role of idealizations, methodological individualism, and the problem of causality?