The spurious nature of the restrictions used to identify many macroeconometric models has
led some researchers to advocate a style of econometric inquiry that is less dependent on …

This book brings together my macroeconometric research of roughly the last decade. It is a
sequel to my previous book, Fair (1984), which brought together my macroeconometric …

Existing strategies for econometric analysis related to macroeconomics are subject to a
number of serious objections, some recently formulated, some old. These objections are …

ECONOMETRIC MODELS OF THE US economy have been developed to the point where
forecasters who use them can forecast real and nominal GNP two or three quarters ahead …

This paper aims to clarify the interpretation of exogeneity tests of the type Sargent [1973] and
I [1972] among others have applied, as well as the closely related tests proposed or used by …

It is argued that formal econometric work, where elaborate technique is used to apply theory
to data or isolate the direction of causal relationships when they are not obvious a priori …

This comparative historical study of econometrics focuses on the development of
econometric methods and their application to macroeconomics. The analysis covers the …

By Kevin D. Hoover, Søren Johansen, and Katarina Juselius* an initial condition 1the height
of the tower2, determines the distance the ball falls for each time… in theory. Of course, no …

In this paper I attempt to lay out the sources of conflict between the so-called “structural” and
“experimentalist” camps in econometrics. Critics of the structural approach often assert that it …

A Rational Expectations Approach to Macroeconometrics pursues a rational expectations
approach to the estimation of a class of models widely discussed in the macroeconomics …