On the Role of Theory and Evidence in Macroeconomics

TY - UNPB

T1 - On the Role of Theory and Evidence in Macroeconomics

AU - Juselius, Katarina

PY - 2010

Y1 - 2010

N2 - This paper, which is prepared for the Inagural Conference of the Institute for New Economic Thinking in King's College, Cambridge, 8-11 April 2010, questions the preeminence of theory over empirics in economics and argues that empirical econometrics needs to be given a more important and independent role in economic analysis, not only to have some confidence in the soundness of our empirical inferences, but to uncover empirical regularities that can serve as a basis for new economic thinking.

AB - This paper, which is prepared for the Inagural Conference of the Institute for New Economic Thinking in King's College, Cambridge, 8-11 April 2010, questions the preeminence of theory over empirics in economics and argues that empirical econometrics needs to be given a more important and independent role in economic analysis, not only to have some confidence in the soundness of our empirical inferences, but to uncover empirical regularities that can serve as a basis for new economic thinking.

M3 - Working paper

BT - On the Role of Theory and Evidence in Macroeconomics

PB - Department of Economics, University of Copenhagen

ER -