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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”



    () (Instituto “L.R.Klein”. Universidad Autónoma de Madrid. Tfno. 91 497 3942. Fax. 91 497 3943.)


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.

Suggested Citation

  • Pérez García, Julián, 2006. "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 d," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 24, pages 299-310, Abril.
  • Handle: RePEc:lrk:eeaart:24_1_9

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    References listed on IDEAS

    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.
    2. Hall, Stephen, 1995. "Macroeconomics and a Bit More Reality," Economic Journal, Royal Economic Society, vol. 105(431), pages 974-988, July.
    3. Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
    4. Granger, C. W. J. & Newbold, P., 1974. "Spurious regressions in econometrics," Journal of Econometrics, Elsevier, vol. 2(2), pages 111-120, July.
    5. Ronald G. Bodkin & Lawrence R. Klein & Kanta Marwah, 1991. "A History of Macroeconometric Model-Building," Books, Edward Elgar Publishing, number 51.
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    More about this item


    Econometrics; Scientific Methodology; Structural Modeling/Econometría; Metodología científica; Modelización Estructural;

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology


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