Aggregate structural macroeconomic analysis: a reconsideration and defence

Aggregate structural macroeconomic analysis (ASMA) is frequently criticised for being ad hoc and justified (if at all) only as a pragmatic expedient. This paper argues instead that ASMA is consistent with the principles of well-established bodies of social theory. Appeal to these principles reveals that ASMA is adequate and likely even necessary for the successful prosecution of macroeconomic inquiry.

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Authors:	Setterfield, Mark ; Gouri Suresh, Shyam
Institutions:	Department of Economics, Davidson College
Subject:	Macroeconomics \| Microfoundations \| Macrofoundations \| Aggregate structural relations

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Cambridge Journal of Economics, July 2014, pages 797-815 Number 14-07
Classification:	B22 - Macroeconomics ; B41 - Economic Methodology
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011196432