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.
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