Aggregate structural macroeconomic analysis: a reconsideration and defence

Mark Setterfield and Shyam Gouri Suresh

No 14-02, Working Papers from Davidson College, Department of Economics

Abstract: Aggregate structural macroeconomic analysis (ASMA) is frequently criticised for being ad hoc and justified (if at all) only as a pragmatic expedient. This paper argues instead that ASMA is consistent with the principles of well-established bodies of social theory. Appeal to these principles reveals that ASMA is adequate and likely even necessary for the successful prosecution of macroeconomic inquiry.

Keywords: Macroeconomics; Microfoundations; Macrofoundations; Aggregate structural relations (search for similar items in EconPapers)
JEL-codes: B22 B41 (search for similar items in EconPapers)
Date: 2014-01
New Economics Papers: this item is included in nep-env
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Published in Cambridge Journal of Economics, July 2014, pages 797-815

Downloads: (external link)
http://cje.oxfordjournals.org/content/early/2013/12/24/cje.bet071.full.pdf (application/pdf)
Access restricted to subscribers of CJE

Related works:
Journal Article: Aggregate structural macroeconomic analysis: a reconsideration and defence (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dav:wpaper:14-02

Access Statistics for this paper

More papers in Working Papers from Davidson College, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Dave Martin ().