Reflections on Macro-Econometric Modeling

Fair, Ray C.

doi:10.2139/ssrn.2323549

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Reflections on Macro-Econometric Modeling

Cowles Foundation Discussion Paper No. 1908

31 Pages Posted: 10 Sep 2013 Last revised: 27 Mar 2014

See all articles by Ray C. Fair

Ray C. Fair

Yale University - Cowles Foundation; Yale School of Management - International Center for Finance

Date Written: March 27, 2014

Abstract

I have been doing research in macroeconomics since the late 1960s, almost 50 years. In this paper I pause and take stock. The paper is part personal reflections on macroeconometric modeling, part a road map of the techniques of macroeconometric modeling, and part comments on what I think I have learned about how the macroeconomy works from my research in this area.

Keywords: macro-econometric modeling

JEL Classification: E10

Suggested Citation: Suggested Citation

Fair, Ray C., Reflections on Macro-Econometric Modeling (March 27, 2014). Cowles Foundation Discussion Paper No. 1908, Available at SSRN: https://ssrn.com/abstract=2323549 or http://dx.doi.org/10.2139/ssrn.2323549