History of Macroeconometric Model-Building

Ronald G. Bodkin, Professor of Economics, University of Ottawa, Canada, the late Lawrence R. Klein, former Benjamin Franklin Professor of Economics Emeritus, University of Pennsylvania, US and 1980 Nobel Laureate in Economic Sciences, Kanta Marwah, Professor of Economics, Carleton University, Canada

• Contents: Part I: Introduction 1. Antecedents of Macroeconometric Models 2. Econometric Model-Building at the Origins Part II: Experience in the USA 3. American Econometric Models of the 1950s: the Klein-Goldberger Model 4. Expansion and Theoretical Development During the 1960s: the Brookings Model as a Milestone 5. American Econometric Models of the 1970s Part III: Comparative Experience 6. The History of Dutch Macroeconometric Modelling, 1936–1986 (A.P. Barten) 7. Macroeconometric Model-Building in the United Kingdom (Sir J. Ball and S. Holly) 8. Macroeconomic Modelling in France (R. Courbis) 9. Canadian Macroeconometric Modelling, 1947–1979 and Selectively Beyond 10. Econometric Models of the Japanese Economy (K. Sato) 11. Macroeconometric Modelling of South-East Asia: the Case of India 12. Macroeconometric Modelling of Latin American Countries, 1965–1985 (A. Beltran-del-Rio) Part IV: Systems of Models 13. Regional Econometric Models (Roger Bolton) 14. Project LINK and Multicountry Modelling (B.G. Hickman) Part V: Summing Up 15. A History of Computation in Econometrics 16. Lessons from Half a Century of Macroeconometric Modelling 17. Prospects for Macroeconomic Modelling

’This is highly recommended reading for all model-builders and model-users.’