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DC FieldValueLanguage
dc.contributor.authorQin, Duoen_US
dc.date.accessioned2012-09-20T13:02:16Z-
dc.date.available2012-09-20T13:02:16Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/62932-
dc.description.abstractThis paper examines the rise of the VAR approach from a historical perspective. It shows that the VAR approach arises as a systematic solution to the issue of 'model choice' bypassed by Cowles Commission (CC) researchers, and that the approach essentially inherits and enhances the CC legacy rather than abandons or opposes it. It argues that the approach is not so atheoretical as widely believed and that it helps reform econometrics by shifting research focus from measurement of given theories to identification/verification of data-coherent theories, and hence from confirmatory analysis to a mixture of confirmatory and exploratory analysis.en_US
dc.language.isoengen_US
dc.publisherQueen Mary, Univ. of London, Dep. of Economics Londonen_US
dc.relation.ispartofseriesWorking Paper, Department of Economics, Queen Mary, University of London 557en_US
dc.subject.jelB23en_US
dc.subject.jelB40en_US
dc.subject.jelC10en_US
dc.subject.jelC30en_US
dc.subject.jelC50en_US
dc.subject.ddc330en_US
dc.subject.keywordVAR, Macroeconometrics, Methodology, Rational expectations, Structural modelen_US
dc.titleVAR modelling arroach and Cowles Commission heritageen_US
dc.typeWorking Paperen_US
dc.identifier.ppn509881092en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Paper Series, School of Economics and Finance, Queen Mary, University of London

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