COWLES FOUNDATION FOR RESEARCH IN
ECONOMICS Box 208281
COWLES FOUNDATION DISCUSSION PAPER NO. 1908 Reflections on Macroeconometric Modeling Ray C. Fair September 2013 I have been doing research in macroeconomics since the late 1960s,
almost 50 years. In this paper I pause and take stock. The paper is part personal
reflections on macroeconometric modeling, part a road map of the techniques of
macroeconometric modeling, and part comments on what I think I have learned about how the
macroeconomy works from my research in this area. |
