The Origins of Macroeconometric Models

摘要: Macroeconometric models that developed after the Second World-War had their origins in macroeconomic theories attempted to formalize description of national economy as a whole at end 19th c. and early 20th These were firstly general equilibrium theory by L. Walras. It assumed can be described using system equations explaining behaviour economic agents. became operational more 20 years special aggregation was proposed, led construction empirical computable models. Next, rested on foundations business cycle laid R. Frisch M. Kalecki 30s, encouraged J. Tinbergen construct first for Netherlands just before United States. The most influential were, however, fundamental writings J.M. Keynes late 30 s. opening way policies. They resulted macroeconometric “mainstream” L.R. Klein second World-War.