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Some concerns about Econometric Techniques. Comments on “In Praise of Structural Macroeconometrics”/Algunas consideraciones en torno a las técnicas econométricas. Comentarios al artículo “en defensa de la macroeconometría estructural”

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Author Info
PÉREZ GARCÍA, JULIÁN () (Instituto “L.R.Klein”. Universidad Autónoma de Madrid. Tfno. 91 497 3942. Fax. 91 497 3943.)

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Abstract

From the reading of the article titled “In Praise of Structural Macroeconometrics“, there are some concerns about the role of econometric techniques that should be discussed. First idea is related to the “scientifi c” characteristics of the Econometrics, second one deals with the old debate between the prevalence of the statistical information or the underlying theory in econometric modeling, and fi nally we present some arguments about the role of the prevailing methodology, represented by the Cowles Commission, in the development of the econometric discipline. En el presente artículo se recogen una serie de refl exiones inducidas por la lectura del artículo "En defensa de la macroeconometría estructural" y que están relacionadas con las características “científi cas” de la econometría, el debate entre la prevalencia de la información estadística o la teoría subyacente en la modelización econométrica y sobre el papel de la metodología imperante, representada por la Cowles Commision, en el desarrollo de la disciplina econométrica.

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Publisher Info
Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

Volume (Year): 24 (2006)
Issue (Month): (Abril)
Pages: 299-310
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Handle: RePEc:lrk:eeaart:24_1_9

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Related research
Keywords: Econometrics; Scientific Methodology; Structural Modeling/Econometría; Metodología científica; Modelización Estructural;

Find related papers by JEL classification:
C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - General
C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

References listed on IDEAS
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  1. Brayton, Flint & Levin, Andrew & Lyon, Ralph & Williams, John C., 1997. "The evolution of macro models at the Federal Reserve Board," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 47(1), pages 43-81, December. [Downloadable!] (restricted)
  2. Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January. [Downloadable!] (restricted)
  3. Hall, Stephen, 1995. "Macroeconomics and a Bit More Reality," Economic Journal, Royal Economic Society, vol. 105(431), pages 974-88, July. [Downloadable!] (restricted)
  4. Granger, C. W. J. & Newbold, P., 1974. "Spurious regressions in econometrics," Journal of Econometrics, Elsevier, vol. 2(2), pages 111-120, July. [Downloadable!] (restricted)
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