Some causal lessons from macroeconomics
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Some of the well-posed causal aspects from macroeconomics were discussed. The causal lessons were supported by the vector-autoregression (VAR) framework of macroeconomics which was analogous to the panel-data approach. The analysis of causality in a VAR framework carried important lessons for the panel-studies. The results show that the direct and indirect linkages among the health indicators and the counterfactual simulations were sensitive to the omission of a contemporaneous link from wealth to health.
Published Version (Please cite this version)10.1016/S0304-4076(02)00154-9
Publication InfoHoover, KD (2003). Some causal lessons from macroeconomics. Journal of Econometrics, 112(1). pp. 121-125. 10.1016/S0304-4076(02)00154-9. Retrieved from https://hdl.handle.net/10161/1904.
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Professor of Economics
Professor Hoover's research interests include macroeconomics, monetary economics, the history of economics, and the philosophy and methodology of empirical economics. His recent work in economics has focused on the application of causal search methodologies for structural vector autoregression, the history of microfoundational programs in macroeconomics, and Roy Harrod's early work on dynamic macroeconomics. In philosophy, he has concentrated on issues related to causality, especially in economi