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On the Theory of Macroeconomic Policy

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Abstract

Jan Tinbergen was and is of course a scientist, full of curiosity about how the world works. But his motivation has always been more than curiosity. He wants to know how the world works so that he can make it work better. Knowledge is the foundation of policy. It was natural for Tinbergen to set forth a formal theory of policy nearly fifty years ago and it was equally natural from him to relate the theory to practical problems of policy in the Netherlands and else where and to implement it and illustrate it with the help of theoretical and econometric models. Thus Tinbergen was the originator of the subject on which I propose to speak to you today.

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File URL: http://cowles.econ.yale.edu/P/cd/d09a/d0931.pdf
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Bibliographic Info

Paper provided by Cowles Foundation for Research in Economics, Yale University in its series Cowles Foundation Discussion Papers with number 931.

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Length: 18 pages
Date of creation: Dec 1989
Date of revision:
Publication status: Published in De Economist (1990), 138(1): 1-14
Handle: RePEc:cwl:cwldpp:931

Note: CFP 745.
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Postal: Yale University, Box 208281, New Haven, CT 06520-8281 USA
Phone: (203) 432-3702
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Web page: http://cowles.econ.yale.edu/
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA

Related research

Keywords: Public policy; social welfare; macroeconomic policy;

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Cited by:
  1. Schellekens, P. & Chadha, J.S., 1999. "Monetary Policy Loss Functions: Two Cheers for the Quadratic," Cambridge Working Papers in Economics 9920, Faculty of Economics, University of Cambridge.
  2. Elke Muchlinski, 2005. "The Lucas Critique and Keynes Response.Considering the History of Macroeconomics," Macroeconomics 0503019, EconWPA.

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