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The methodology of macroeconomics

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  • Roger Backhouse
  • Andrea Salanti

Abstract

This paper outlines some of the main methodological issues to arise in macroeconomics, making the case that the methodological issues arising in macroeconomics are just as important as those arising in microeconomics and that they merit more attention. Focusing on the symposium to which it forms the Introduction, the paper discusses three such issues: can macroeconomic theories be tested? Do macroeconomic theories change in response to evidence? Is contemporary macroeconomics in good methodological shape?

Suggested Citation

  • Roger Backhouse & Andrea Salanti, 1999. "The methodology of macroeconomics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 6(2), pages 159-169.
  • Handle: RePEc:taf:jecmet:v:6:y:1999:i:2:p:159-169
    DOI: 10.1080/13501789900000012
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    References listed on IDEAS

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    1. Rosenberg, Alexander, 1992. "Economics--Mathematical Politics or Science of Diminishing Returns?," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226727233.
    2. Roger E. Backhouse, 1997. "Truth and Progress in Economic Knowledge," Books, Edward Elgar Publishing, number 766, April.
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    Cited by:

    1. Rodolfo Signorino, 2000. "Method and analysis in Piero Sraffa's 1925 critique of Marshallian economics," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 7(4), pages 569-594.
    2. Piero Ferri & Anna Maria Variato, 2007. "Macro Dynamics in a Model with Uncertainty," Working Papers (-2012) 0704, University of Bergamo, Department of Economics.

    More about this item

    Keywords

    macroeconomics; methodology; econometrics;

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