Showing 1 - 4 of 4
This survey is written to show historians of economics what is happening in history of econometrics, and is the second survey I did with this aim. The first survey, published in 2011, concluded that interest in the history of econometrics has arisen primarily from within econometrics itself and...
Persistent link: https://www.econbiz.de/10015435071
This chapter considers and compares the ways in which two types of data, economic observations and phenotypic data in plant science, are prepared for use as evidence for claims about phenomena such as business cycles and gene-environment interactions. We focus on what we call "cleaning by...
Persistent link: https://www.econbiz.de/10015435113
The Bank of England fan chart of inflation visualises the uncertainty of the Bank's inflation projections. Visualization is a way to "tame" uncertainty, in the sense that uncertainty is brought under the measure of a probabilistic distribution, in this case a (two-piece) normal distribution. As...
Persistent link: https://www.econbiz.de/10015435133
The rational expectations revolution was not only based on the introduction of Muth's idea of rational expectations to macroeconomics; the introduction of Muth's hypothesis cannot explain the more drastic change of the mathematical toolbox and concepts, research strategies, vocabulary, and...
Persistent link: https://www.econbiz.de/10015435257