《Causality in Macroeconomics》是2001年Cambridge University Press出版社出版的圖書，作者是Kevin D. Hoover。
基本介紹
- 書名：Causality in Macroeconomics
- 作者：Kevin D. Hoover
- 出版社： Cambridge University Press
- 出版時間：2001年8月13日
- 頁數：326 頁
- 定價：51.00 美元
- 裝幀： Paperback
- ISBN：9780521002882
內容簡介
First published in 2001, Causality in Macroeconomics addresses the long-standing problems of causality while taking macroeconomics seriously. The practical concerns of the macroeconomist and abstract concerns of the philosopher inform each other. Grounded in pragmatic realism, the book rejects the popular idea that macroeconomics requires microfoundations, and argues that the macroeconomy is a set of structures that are best analyzed causally. Ideas originally due to Herbert Simon and the Cowles Commission are refined and generalized to non-linear systems, particularly to the non-linear systems with cross-equation restrictions that are ubiquitous in modern macroeconomic models with rational expectations (with and without regime-switching). These ideas help to clarify philosophical as well as economic issues. The structural approach to causality is then used to evaluate more familiar approaches to causality due to Granger, LeRoy and Glymour, Spirtes, Scheines and Kelly, as well as vector autoregressions, the Lucas critique, and the exogeneity concepts of Engle, Hendry and Richard.
