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Global Monetarism

In: Selected Papers Of Lawrence R Klein: Theoretical Reflections And Econometric Applications

Author

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  • Kanta Marwah

    (Carleton University, Canada)

Abstract

The name of Colin Clark, as a pioneer in quantitative economics and econometrics, was known to me from the very first studies that I took up in economics, more than 45 years ago. But one of the most impressive comments was in a periodic survey of economic and financial literature sent out by the Federal Reserve Board, where Colin Clark was described as a statistician who did creative work where other, more cautious, professionals feared to tread. I have often thought about that comment whenever I have felt the urge to work on a problem for which there was, of necessity, a weak and obscure data base. I have always aspired to be as creative as Colin Clark in distilling scholarly truths from poor and obscure data…

Suggested Citation

  • Kanta Marwah, 1997. "Global Monetarism," World Scientific Book Chapters, in: Kanta Marwah (ed.), Selected Papers Of Lawrence R Klein: Theoretical Reflections And Econometric Applications, chapter 30, pages 545-551, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812830333_0030
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    More about this item

    Keywords

    Macroeconomics: Theory; Policy Formation; Reconsiderations; Macroeconometric Models: Methodology; Forecasting; Debate; Prospects; International Economics: Capital Flows; Exchange Rates; Expectations;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

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