Smith, Ron P. (1998) Emergent policy-making with macroeconometric models. Economic Modelling 15 (3), pp. 429-442. ISSN 0264-9993.
Abstract
Despite extensive criticism from academic economists, large macroeconometric-models have thrived in government. This paper considers why they have been found useful. It argues that the way economists describe the forecasting and policy process can be misleading and the actual process by which policy emerges is quite different. It then uses accounts by UK government economic advisers and politicians to describe the role of models in this `emergent' policy-making process.
Metadata
| Item Type: | Article |
|---|---|
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Sarah Hall |
| Date Deposited: | 31 Aug 2020 17:31 |
| Last Modified: | 02 Aug 2023 18:03 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/40682 |
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