Selected Papers Of Lawrence R Klein: Theoretical Reflections And Econometric Applications

Kanta Marwah

• Publisher: World Scientific
• Year: 1997
• Print ISBN: 9789810226008, 9789810226008
• eBook ISBN: 9789812830333
• Topic: Business
• Subtopic: Investments & Securities
• Index: Business

This volume contains selected papers of Lawrence R Klein in economics, econometric theory and applications in modeling, forecasting, macroeconomic analysis, international economics and public policy. Nobel Laureate Lawrence Klein's bibliography spans a half-century, including books, articles, and chapters in conference proceedings, festschriften, and thematic books. One such volume of solely scientific collections, mainly from his relatively early articles, has already been published. The present volume is different, it includes some articles, but largely chapters, or book excerpts that were mostly written since 1980, the approximate cut-off date of the prior volume, and the year of his Nobel Prize. Also, it includes things that were published in very limited or obscure editions. Thus it provides a more complete picture of his scholarly career and his current reflections on the state of economic science. All these writings are in the vanguard of thinking about economics in a global domain.The thirty-five-plus selections are organized in five parts, by major themes. An editorial commentary introduces each part. The introductory chapters include Klein's autobiographical research commentary, and his professional life philosophy.

Table of contents

• CONTENTS
• INTRODUCTION TO THE SERIES
• MORE ON "FORTY YEARS OF 'RIGOROUS OBSERVATIONAL POSITIVISM'" AND YEARS BEYOND
• AN AUTOBIOGRAPHICAL RESEARCH COMMENTARY, CONTINUED
• MY PROFESSIONAL LIFE PHILOSOPHY
• PART I ECONOMIC THEORY RECONSIDERATIONS
• EDITORIAL i
• 1 SOME LAWS OF ECONOMICS
• 2 WHAT IS MACROECONOMICS?
• 3 TECHNICAL APPENDIX
• 4 THE KEYNESIAN REVOLUTION REVISITED
• 5 THE NEOCLASSICAL TRADITION OF KEYNESIAN ECONOMICS AND THE GENERALIZED MODEL
• 6 THE KEYNESIAN REVOLUTION: FIFTY YEARS LATER, A LAST WORD
• PART II ECONOMETRIC MODELS AND METHODOLOGY
• EDITORIAL ii
• 7 ANTECEDENTS OF MACROECONOMETRIC MODELS
• 8 A POSTWAR QUARTERLY MODEL: DESCRIPTION AND APPLICATIONS
• 9 THE PRESENT DEBATE ABOUT MACROECONOMICS AND ECONOMETRIC MODEL SPECIFICATION
• 10 INTERNATIONAL MODELS FOR FORECASTING AND POLICY FORMATION
• 11 PROSPECTS FOR MACROECONOMETRIC MODELING
• 12 MODEL BUILDING TO CONFORM TO A COMPLETE SYSTEM OF SOCIAL ACCOUNTS
• 13 SIMULTANEOUS EQUATION ESTIMATION
• 14 THE TREATMENT OF UNDERSIZED SAMPLES IN ECONOMETRICS
• 15 THE TREATMENT OF EXPECTATIONS IN ECONOMETRICS
• 16 THE CONCEPT OF EXOGENEITY IN ECONOMETRICS
• 17 SMITH'S USE OF DATA
• 18 SOME TENDENCIES IN MODERN ECONOMETRICS
• PART III APPLIED ECONOMETRICS
• EDITORIAL iii
• 19 ANTICIPATIONS VARIABLES IN MACROECONOMETRIC MODELS
• 20 THE PRECISION OF ECONOMIC PREDICTION: STANDARDS, ACHIEVEMENT, POTENTIAL
• 21 ECONOMIC FORECASTING AT HIGH-FREQUENCY INTERVALS
• 22 ECONOMIC FORECASTING AND DECISION-MAKING UNDER UNCERTAINTY
• 23 THE LONGEVITY OF ECONOMIC THEORY
• 24 THE PHILLIPS CURVE IN THE U.S.
• 25 PROTECTIONISM: AN ANALYSIS FROM PROJECT LINK
• 26 DISTURBANCES TO THE INTERNATIONAL ECONOMY
• 27 INTERNATIONAL PRODUCTIVITY COMPARISONS (A REVIEW)
• 28 PURCHASING POWER PARITY IN MEDIUM TERM SIMULATION OF THE WORLD ECONOMY
• 29 A MODEL OF FOREIGN EXCHANGE MARKETS: ENDOGENISING CAPITAL FLOWS AND EXCHANGE RATES
• 30 GLOBAL MONETARISM
• 31 RESTRUCTURING OF THE WORLD ECONOMY
• 32 THE TWO-GAP PARADIGM IN THE CHINESE CASE: A PEDAGOGICAL EXERCISE
• PART IV POLICY FORMULATION
• EDITORIAL. iv
• 33 ECONOMIC POLICY FORMATION: THEORY AND IMPLEMENTATION (APPLIED ECONOMETRICS IN THE PUBLIC SECTOR)
• 34 TWO DECADES OF U.S. ECONOMIC POLICY AND PRESENT PROSPECTS: A VIEW FROM THE OUTSIDE
• 35 SUPPLY SIDE: 0 WINS, 4 LOSSES, 1 TIE
• PART V CLOSING REFLECTIONS
• 36 PROBLEMS WITH MODERN ECONOMICS
• INDEX