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The Econometrics of Macroeconomic Modelling

Gunnar Bårdsen , Øyvind Eitrheim , Eilev Jansen , Ragnar Nymoen

Macroeconometric models, in many ways the flagships of the economist's profession in the 1960s, came under increasing attack from both theoretical economist and practitioners in the late 1970s. Critics referred to their lack of microeconomic theoretical foundations, ad...