Heilemann, Ullrich - In: Journal of Economics and Statistics (Jahrbuecher fuer … 222 (2002) 6, pp. 656-682
This paper examines macroeconometric-modelling tendencies in the big OECD countries from its beginnings in the 1930s to the 1990s. While the models grew in size, the number of definitions and exogenous variables increased much more than stochastic equations. These trends are the result of demand...