Journal article
"The Ghosts I Called I Can't Get Rid of Now": The Keynes-Tinbergen-Friedman-Phillips critique of Keynesian macroeconometrics
History of Political Economy, Vol.30(1), pp.51-94
1998
Abstract
This essay is part of a wider investigation into the political economy of the Keynesian revolution and the monetarist counten-evolution. I examine the much-publicized dispute between those followers of Keynes who presented econometric evidence in favor of a Phillips curve tradeoff, and those monetarists who presented countereconometric evidence. I argue that the collapse of the Keynesian Phillips curve vindicated a critique of macroeconometric practices, which was jointly authored by John Maynard Keynes, Jan Tinbergen, Milton Friedman, and A. W. H. "Bill" Phillips. This analysis is informed by the usual sources plus two documents that have been recently rediscovered (Phillips's private papers and records of the London School of Economics [LSE] Staff Seminar on Methodology, Measurement and Testing- refen-ed to as M2T) and two essays by Keynes that have been overlooked in this context (l938a, 1938b).
Details
- Title
- "The Ghosts I Called I Can't Get Rid of Now": The Keynes-Tinbergen-Friedman-Phillips critique of Keynesian macroeconometrics
- Authors/Creators
- R. Leeson (Author/Creator)
- Publication Details
- History of Political Economy, Vol.30(1), pp.51-94
- Publisher
- Duke University Press
- Identifiers
- 991005543967607891
- Copyright
- © 1998 Duke University Press
- Murdoch Affiliation
- School of Politics and International Studies
- Language
- English
- Resource Type
- Journal article
UN Sustainable Development Goals (SDGs)
This output has contributed to the advancement of the following goals:
Source: InCites
Metrics
1362 File views/ downloads
246 Record Views
InCites Highlights
These are selected metrics from InCites Benchmarking & Analytics tool, related to this output
- Citation topics
- 6 Social Sciences
- 6.10 Economics
- 6.10.22 Monetary Policy
- Web Of Science research areas
- Economics
- History Of Social Sciences
- ESI research areas
- Economics & Business