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On the Role of Theory and Evidence in Macroeconomics

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  • Katarina Juselius

Abstract

This paper, which is prepared for the Inagural Conference of the Institute for New Economic Thinking in King's College, Cambridge, 8-11 April 2010, questions the preeminence of theory over empirics in economics and argues that empirical econometrics needs to be given a more important and inde- pendent role in economic analysis, not only to have some confidence in the soundness of our empirical inferences, but to uncover empirical regularities that can serve as a basis for new economic thinking.

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File URL: http://www.econ.ku.dk/english/research/publications/wp/dp_2010/1012.pdf/
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Bibliographic Info

Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 10-12.

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Length: 20 pages
Date of creation: Apr 2010
Date of revision:
Handle: RePEc:kud:kuiedp:1012

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