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The ontological status of shocks and trends in macroeconomics.

Modern empirical macroeconomic models, known as structural autoregressions (SVARs) are dynamic models that typically claim to represent a causal order among contemporaneously valued variables and to merely represent non-structural (reduced-form) co-occurence between lagged variables and contemporane...

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Published in:Synthese Vol. 192; no. 11; pp. 3509 - 3533
Main Author: Hoover, Kevin
Format: Article
Published: Springer Nature Nov2015
Subjects:
Macroeconomics
Ontology
Economic shock
Mathematical variables
Econometrics
Online Access:View this record in EBSCOhost

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