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Macroeconomic dynamics at the Cowles Commission from the 1930s to the 1950s

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  • Robert W. Dimand

Abstract

This paper explores the development of dynamic modelling of macroeconomic fluctuations at the Cowles Commission from Roos, Dynamic Economics (Cowles Monograph No. 1, 1934) and Davis, Analysis of Economic Time Series (Cowles Monograph No. 6, 1941) to Koopmans, ed., Statistical Inference in Dynamic Economic Models (Cowles Monograph No. 10, 1950) and Klein’s Economic Fluctuations in the United States, 1921–1941 (Cowles Monograph No. 11, 1950), emphasising the emergence of a distinctive Cowles Commission approach to structural modelling of macroeconomic fluctuations influenced by Cowles Commission work on structural estimation of simulation equations models, as advanced by Haavelmo (“A Probability Approach to Econometrics,” Cowles Commission Paper No. 4, 1944) and in Cowles Monographs Nos. 10 and 14.

Suggested Citation

  • Robert W. Dimand, 2020. "Macroeconomic dynamics at the Cowles Commission from the 1930s to the 1950s," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 27(4), pages 564-581, July.
    • Handle: RePEc:taf:eujhet:v:27:y:2020:i:4:p:564-581
    DOI: 10.1080/09672567.2020.1766524
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    Cited by:

    1. Jean-Sébastien Lenfant, 2021. "Eugen (Evgeny Evgenievich) Slutsky (1880-1948)," Working Papers hal-03628273, HAL.

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