Causality in Macroeconomics

By:

Kevin D. Hoover

Format:

Hardback

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Description

Causality in Macroeconomics examines causality while taking macroeconomics seriously. A pragmatic and realistic philosophy is joined to a macroeconomic foundation that refines Herbert Simon's well-known work on causal order to make a case for a structural approach to causality. The structural approach is used to understand modern rational expectations models, regime switching models, Granger causality, vector autoregressions, the Lucas critique, and concept exogeneity. Techniques of causal inference based on patterns of stability and instability in the face of identified regime changes are developed and illustrated in two empirical case studies.

Release date NZ

August 13th, 2001

Author

Kevin D. Hoover

Audience

Professional & Vocational

Illustrations

15 Tables, unspecified; 69 Line drawings, unspecified

Pages

326

Dimensions

152x229x22

ISBN-13

9780521452175

Product ID

12244358

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