EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/27529
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorColander, David C.en_US
dc.date.accessioned2009-08-12T07:17:13Z-
dc.date.available2009-08-12T07:17:13Z-
dc.date.issued2009en_US
dc.identifier.citationEconomics: The Open-Access, Open-Assessment E-Journal 3 2009-9 1-21 doi:10.5018/economics-ejournal.ja.2009-9-
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2009-9-
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_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofserieseconomics - The Open-Access, Open-Assessment E-Journal 2009-9en_US
dc.subject.jelB4-
dc.subject.ddc330en_US
dc.subject.keywordMethodologyen_US
dc.subject.keywordmacroeconometricsen_US
dc.subject.keywordgeneral to specificen_US
dc.subject.keywordDSGEen_US
dc.subject.keywordVARen_US
dc.subject.keywordjudgmenten_US
dc.subject.keywordincentivesen_US
dc.subject.stwMakroökonomiken_US
dc.subject.stwDynamisches Gleichgewichten_US
dc.subject.stwVAR-Modellen_US
dc.subject.stwWissenschaftliche Methodeen_US
dc.subject.stwVergleichen_US
dc.subject.stwPublikationsanalyseen_US
dc.titleEconomists, incentives, judgment, and the European CVAR approach to macroeconometricsen_US
dc.typeArticleen_US
dc.identifier.ppn599037822en_US
dc.identifier.urlhttp://www.economics-ejournal.org/economics/journalarticles/2009-9-
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.identifier.repecRePEc:zbw:ifweej:7595-
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles

Files in This Item:
File Description SizeFormat
economics_2009-9.pdf151.33 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.