Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/27529 
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dc.contributor.authorColander, David C.en
dc.date.accessioned2009-08-12T07:17:13Z-
dc.date.available2009-08-12T07:17:13Z-
dc.date.issued2009-
dc.identifier.citation|aEconomics: The Open-Access, Open-Assessment E-Journal|c1864-6042|v3|h2009-9|nKiel Institute for the World Economy (IfW)|lKiel|y2009|p1-21en
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2009-9en
dc.identifier.urihttp://hdl.handle.net/10419/27529-
dc.description.abstractThis paper argues that the DSGE approach to macroeconometrics is the dominant approach because it meets the institutional needs of the replicator dynamics of the profession, not because it is necessarily the best way to do macroeconometrics. It further argues that this 'DSGE theory-first' approach is inconsistent with the historical approach that economists have advocated in the past and that the alternative European CVAR approach is much more consistent with economist's historically used methodology, correctly understood. However, because the European CVAR approach requires explicit researcher judgment, it does not do well in the replicator dynamics of the profession. The paper concludes with the suggestion that there should be an increase in dialog between the two approaches.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.subject.jelB4en
dc.subject.ddc330en
dc.subject.keywordMethodologyen
dc.subject.keywordmacroeconometricsen
dc.subject.keywordgeneral to specificen
dc.subject.keywordDSGEen
dc.subject.keywordVARen
dc.subject.keywordjudgmenten
dc.subject.keywordincentivesen
dc.subject.stwMakroökonomiken
dc.subject.stwDynamisches Gleichgewichten
dc.subject.stwVAR-Modellen
dc.subject.stwWissenschaftliche Methodeen
dc.subject.stwVergleichen
dc.subject.stwPublikationsanalyseen
dc.titleEconomists, incentives, judgment, and the European CVAR approach to macroeconometrics-
dc.typeArticleen
dc.identifier.ppn599037822en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifweej:7595en
econstor.citation.journaltitleEconomics: The Open-Access, Open-Assessment E-Journalen
econstor.citation.issn1864-6042en
econstor.citation.volume3en
econstor.citation.issue2009-9en
econstor.citation.publisherKiel Institute for the World Economy (IfW)en
econstor.citation.publisherplaceKielen
econstor.citation.year2009en
econstor.citation.startpage1en
econstor.citation.endpage21en

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