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An Expanded Scope For Qualitative Economics

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Author Info

  • Andrew J. Buck

    ()
    (Department of Economics, Temple University)

  • George M. Lady

    ()
    (Department of Economics, Temple University)

Abstract

As currently practiced, the analysis of an economic model's qualitative properties is very restricted and rarely productive. This paper provides an approach for conducting an expanded qualitative analysis that can be applied to any economic model. The method proposed will enable the qualitative properties of all economic models to be critically assessed.

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File URL: http://www.cla.temple.edu/RePEc/documents/detu_10_07.pdf
File Function: First version, 2010
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Bibliographic Info

Paper provided by Department of Economics, Temple University in its series DETU Working Papers with number 1007.

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Date of creation: May 2010
Date of revision:
Handle: RePEc:tem:wpaper:1007

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Keywords: Qualitative Analysis; Comparative Statics; Falsification;

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References

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  1. Buck, Andrew J. & Lady, George M., 2005. "Falsifying economic models," Economic Modelling, Elsevier, vol. 22(5), pages 777-810, September.
  2. Ben Bernanke, 1990. "The Federal Funds Rate and the Channels of Monetary Transnission," NBER Working Papers 3487, National Bureau of Economic Research, Inc.
  3. Lady, George M, 1983. "The Structure of Qualitatively Determinate Relationships," Econometrica, Econometric Society, vol. 51(1), pages 197-218, January.
  4. Christopher A. Sims, 1986. "Are forecasting models usable for policy analysis?," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Win, pages 2-16.
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Cited by:
  1. Andrew J. Buck & George M. Lady, 2011. "Structural Sign Patterns and Reduced Form Restrictions," DETU Working Papers 1102, Department of Economics, Temple University.

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