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Empirical model particularities and belief in the natural rate hypothesis

Publication ,  Journal Article
Kim, J; De Marchi, N; Morgan, MS
Published in: Journal of Econometrics
January 1, 1995

Economists test to strengthen conviction, though mostly without disclosing how this can occur. There is a clear line of logical implication from theory to model; but in the process there may be a narrowing and specialization of the hypothesis so that it is not clear what weight should be placed upon the result of a test on the model. Empirical models and tests may be narrowed down so far that they involve certain nonunique characteristics of the original theories. Even when a hypothesis is confirmed, no reverse inference back to theory can be made from such tests. We illustrate how a number of such 'characteristics tests' worked, drawing on American economists' tests of the natural rate hypothesis in the 1970s. © 1995.

Duke Scholars

Published In

Journal of Econometrics

DOI

ISSN

0304-4076

Publication Date

January 1, 1995

Volume

67

Issue

1

Start / End Page

81 / 102

Related Subject Headings

  • Econometrics
  • 4905 Statistics
  • 3802 Econometrics
  • 3801 Applied economics
  • 1403 Econometrics
  • 1402 Applied Economics
  • 0104 Statistics
 

Citation

APA
Chicago
ICMJE
MLA
NLM
Kim, J., De Marchi, N., & Morgan, M. S. (1995). Empirical model particularities and belief in the natural rate hypothesis. Journal of Econometrics, 67(1), 81–102. https://doi.org/10.1016/0304-4076(94)01628-D
Kim, J., N. De Marchi, and M. S. Morgan. “Empirical model particularities and belief in the natural rate hypothesis.” Journal of Econometrics 67, no. 1 (January 1, 1995): 81–102. https://doi.org/10.1016/0304-4076(94)01628-D.
Kim J, De Marchi N, Morgan MS. Empirical model particularities and belief in the natural rate hypothesis. Journal of Econometrics. 1995 Jan 1;67(1):81–102.
Kim, J., et al. “Empirical model particularities and belief in the natural rate hypothesis.” Journal of Econometrics, vol. 67, no. 1, Jan. 1995, pp. 81–102. Scopus, doi:10.1016/0304-4076(94)01628-D.
Kim J, De Marchi N, Morgan MS. Empirical model particularities and belief in the natural rate hypothesis. Journal of Econometrics. 1995 Jan 1;67(1):81–102.
Journal cover image

Published In

Journal of Econometrics

DOI

ISSN

0304-4076

Publication Date

January 1, 1995

Volume

67

Issue

1

Start / End Page

81 / 102

Related Subject Headings

  • Econometrics
  • 4905 Statistics
  • 3802 Econometrics
  • 3801 Applied economics
  • 1403 Econometrics
  • 1402 Applied Economics
  • 0104 Statistics