Tag Archives: simulation

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

Posted on March 15, 2017 by

Against monetarism?  In the early days of 1964, George Leland Bach, former dean of the Carnegie Business School and consultant to the Federal Reserve, arranged a meeting between the Board of Governors and 7 economists, including Stanford’s Ed Shaw, Yale’s … Continue reading →

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How the computer transformed economics. And didn’t

Posted on May 19, 2016 by

Edit: there is now a published paper based on this blog post. Published version here; draft here. Initially published on the INET blog Below is a picture of what the desktop of MIT macroeconomist Franco Modigliani may have looked like … Continue reading →

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Further thoughts on historicizing the computerization of economics

Posted on February 8, 2016 by

Edit: there is now a published paper based on this blog post. Published version here; draft here  Why the computerization of economics needs to be historicized I’m co-organizing a conference investigating whether the transformation of economics from the 1970s is … Continue reading →

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9 ways computers have affected the development of economics

Posted on February 7, 2016 by

Edit: there is now a published paper based on this blog post. Published version here; draft here  “The rise of applied economics from the 1970s onward is a consequence of computerization and better data.” This increasingly canonical narrative has the … Continue reading →

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The computerization of economics: a chronology (in progress)

Posted on February 7, 2016 by

Edit: there is now a published paper based on this blog post. Published version here; draft here  On Hardware, there’s a great illustrated history of computers here (and timeline). For econometrics software, I relied on Charles Renfro’s massive history. I have tried to classify … Continue reading →

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