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The Undercover Historian

Beatrice Cherrier's blog

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Tag: macroeconomics

The butcher and the storyteller: the 2018 Nobel Memorial Prize and the role of mathematics in economic theory

Written with Aurélien Saïdi (draft version with more footnotes and full references here) The 2018 Sveriges Riksbank Prize in Economic … More

growth, macroeconomics, mathematics, Theory

Heterogeneous agents macroeconomics has a long history, and it raises many questions

EDIT October 2022: Pedro Duarte, Aurélien Saïdi have now completed a full history of heterogeneous households in macroeconomics, available here.  … More

Heterogeneous Agent models, macroeconomics, Minnesota

Working on 1960s macroeconometrics : there’s an echo on the line

Three years ago, a group of historians of economics embarked on a reexamination of the relationships between theoretical and empirical … More

macroeconometrics, macroeconomics, microfoundations

The making and dissemination of Milton Friedman’s 1967 AEA Presidential Address

Joint with Aurélien Goutsmedt In a few weeks, the famous presidential address in which Milton Friedman is remembered to have … More

Friedman, macroeconomics

Speculations on the stabilization and dissemination of the “DSGE” trade name (in progress)

Some research I’ve done for the history of macroeconometric modeling conference that will be held in Utrecht next week led … More

DSGE, macroeconomics

The ordinary business of macroeconometric modeling: working on the MIT-Fed-Penn model (1964-1974)

Against monetarism?  In the early days of 1964, George Leland Bach, former dean of the Carnegie Business School and consultant … More

applied, computer, Econometrics, empirical, Fed, forecast, macroeconomics, MIT, policy, prediction, simulation

How not to screw up your economic expertise: lessons from the Kennedy tax cut grandmaster, Walter Heller

  What is the “crisis in economic expertise” about? Trump’s decision to demote whoever might be nominated chairman of the … More

expertise, macroeconomics, policy

The problem with “economists-failed-to-predict-the-2008-crisis” macrodeath articles

This week has delivered one more interesting batch of economics soul-searching posts. On Monday,  the Bloomberg View editorial board has outlined … More

Cowles, Econometrics, financial crisis, forecast, Friedman, Klein, macroeconomics, policy, prediction

A History of the JEL Codes : the Making of the “Microeconomics” and “Macroeconomics” Categories [Part 3]

During the 1930s, members of the Econometric Society such as Tinbergen or Fleming, increasingly came to use a slightly transformed version … More

JEL codes, macroeconomics, microeconomics

Macrowars, economists’ narratives, and my dreamed history of macro

Crossposted from the INET Playground Economists’ macro stories The last straw in the enduring blog debate over microfoundations has taken … More

macroeconomics

History of….

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