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    Emergent policy-making with macroeconometric models

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

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    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: School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Sarah Hall
    Date Deposited: 31 Aug 2020 17:31
    Last Modified: 12 Oct 2020 14:54
    URI: https://eprints.bbk.ac.uk/id/eprint/40682

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