BIROn - Birkbeck Institutional Research Online

    Emergent policy-making with macroeconometric models

    Smith, Ron P. (1998) Emergent policy-making with macroeconometric models. Economic Modelling 15 (3), pp. 429-442. ISSN 0264-9993.

    Full text not available from this repository.


    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.


    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


    Activity Overview
    6 month trend
    6 month trend

    Additional statistics are available via IRStats2.

    Archive Staff Only (login required)

    Edit/View Item Edit/View Item