Statistical testing of business-cycle theories. by Jan Tinbergen

Cover of: Statistical testing of business-cycle theories. | Jan Tinbergen

Published by League of Nations, Economic Intelligence Service in Geneva .

Written in English

Read online

Subjects:

  • Correlation (Statistics),
  • Business cycles.,
  • Saving and investment.

Edition Notes

Book details

SeriesSeries of League of Nations publications. 2. Economic and financial. 1938.II.A.23;, 1939.II.A.16
Classifications
LC ClassificationsJX1975 .A25 1938.II.A23, etc., HB3711 .T5
The Physical Object
Pagination2 v.
ID Numbers
Open LibraryOL6388994M
LC Control Number39017344
OCLC/WorldCa6141977

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Tinbergen, J. Statistical Testing of Business Cycle Theories: Part I: A Method and Its Application to Investment (Jan Tinbergen).Cited by: OCLC Number: Description: 2 volumes in 1. illustrations 24 cm: Contents: 1. A method and its application to investment activity. Business cycles in the United States of America, Additional Physical Format: Online version: Tinbergen, Jan, Statistical testing of business-cycle theories.

Geneva: League of Nations, Economic Intelligence Service, Statistical alchemy was a term originated by John Maynard Keynes to describe econometrics in The phrase has subsequently been used by Alvan Feinstein to describe meta-analysis.

It is generally regarded as a deprecatory term which undermines attempts to present such activities as meeting the rigorous standards of science. Schumpeter, Joseph Alois,Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process Article (PDF Available) August with 4, Reads How we Author: Alin Croitoru.

The Tinbergen Debate: Statistical testing of business cycle theories: a method and its application to investment activity J. Tinbergen; Professor Tinbergen's method J. Keynes; Mr Keynes on the statistical verification of business cycle theories J.

Marschak and O. Lange; Econometric testing of business cycle research J. The Tinbergen Debate: Statistical testing of business cycle theories: a method and its application to investment activity J. Tinbergen; Professor Tinbergen's method J. Keynes; Mr Keynes on the statistical verification of business cycle theories J.

Marschak and O. Lange; Econometric testing of business cycle research J Price: $   Tinbergen, J. Statistical Testing of Business Cycle Theories: Part II: Business Cycles in the United States of America, Books (Jan Tinbergen).Cited by:   Statistical Testing of Business Cycle Theories: Part I: A Pagina-navigatie: Main; Save publication.

Save as MODS; Export to Mendeley; Statistical testing of business-cycle theories. book as EndNoteCited by: BOOK REVIEWS Statistical Testing of Business Cycle Theories, I: A Method and Its Ap-plication to Investment Activity, pp. i64, $; II: Business Cycles in. Tinbergen, J. (), Statistical Testing of Business Cycle Theories, two volumes, Geneva: League of Nations Tobias, J.

(), “Three essays on Bayesian inference in econometrics with an application to estimating the returns to schooling quality,” Ph. thesis, Department of Author: Arnold Zellner.

: statistical testing. Skip to main content. Try Prime Hello, Sign in Account & Lists Sign in Account & Lists Orders Try Prime Basket. All. Statistical Testing of Business Cycle Theories: Part II: (). Pagina-navigatie: Main; Save publication. Save as MODS; Export to Mendeley; Save as EndNote; Export to RefWorks; Title: Statistical Testing of Business Cycle Theories: Part II: Business Cycles in the United States of America, Author: J.

Tinbergen (Jan) Supporting Cited by: A subsequent dynamic model commissioned by the League of Nations (Geneva) using data for the United States Statistical testing of business-cycle theories. book published in in his two-volume book, Statistical Testing of. Trygve Haavelmo (), ‘Statistical Testing of Business-cycle Theories’ PART IV MEASUREMENT WITHOUT THEORY DEBATE Tjalling C.

Koopmans (), ‘Measurement Without Theory’ Edward Ames (), ‘A Theoretical and Statistical Dilemma – The Contribution of Burns, Mitchell, and Frickey to Business-cycle Theory’ Trygve Haavelmo (), 'Statistical Testing of Business-cycle Theories' PART IV MEASUREMENT WITHOUT THEORY DEBATE Tjalling C.

Koopmans (), 'Measurement Without Theory' Edward Ames (), 'A Theoretical and Statistical Dilemma - The Contribution of Burns, Mitchell, and Frickey to Business-cycle Theory' Downloadable.

In this article, the predictability performance of certain classical business cycle theories are tested against contemporary statistical methods by using Finnish macroeconomic data.

Keynesian multiplier- accelerator model derivatives and neo-classical real business cycle models are compared to statistical stochastic time-series methods. Tinbergen’s results ere published under the title Statistical Testing of Business Cycle Theories in two olumes, the first of which was called A Method and Its Application to Investment Activity and the second Business Cycles in the United States, –Cited by: 6.

Correlation (Statistics) works Search for books with subject Correlation (Statistics). Search. Not In Library. Not In Library. Not In Library. Read. Statistical testing of business-cycle theories Jan Tinbergen Not In Library.

Methods of correlation analysis Ezekiel, Mordecai Not In Library. Accessible book, Statistical methods. Erwin Rothbarth (16 December – 25 November ) was a German economist and statistician. He worked as a research assistant for John Maynard Keynes and made important contributions to the measurement of GDP and the modelling of individual : DecemFrankfurt am Main.

Tinbergen, Jan – Statistical Testing of Business-cycle Theories. 2 vols. Geneva: League of Nations, Economic Intelligence Service. → Volume 1: A Method and Its Application to Investment Activity.

Friedman, M. Review of Jan Tinbergen, Statistical Testing of Business Cycle Theories, Vol. II: Business Cycles in the United States of America, American Economic Review, 30, – Google Scholar. 1 Jan Tinbergen, "Statistical Evidence on the Acceleration Principle," Economica, Maypp.

—; Tinbergen, Statistical Testing of Business Cycle Theories, Vol. 1, A Method and Its Application to Investment Activity and Vol. II, Business Cycles in the United States of America, —, Geneva, ; Lawrence R. Klein, Economic. In this article, the predictability performance of certain classical business cycle theories are tested against contemporary statistical methods by using Finnish macroeconomic : Esa Mangeloja.

beginning from Keynes' famous review in of Tinbergen's book, Statistical Testing of Business-Cycle Theories. In an oft-quoted passage in his Comment (, p. ) Keynes accepts that Tinbergen's approach is objective but continues: "No one could be more frank, more painstaking, more free from subjective bias or parti pris than Professor.

Book Reviews. Journal of the American Statistical Association: Vol. 34, No.pp. Keynes, as editor of the Economic Journal, wrote a negative review of Tinbergen’s book A Method and its Application to Investment Activity.

This book presented a statistical testing of business cycle theories based on the application of the method of multiple regression and mathematical framing in the form of a specified model.

LAWRENCE R. KLEIN Polak, J.J. An International Economic System. Chicago: University of Chicago Press. Suits, D.B. Forecasting win an econometric model. American Economic Review 52 (March): 1W- Tinbergen, J. Statistical Testing of Business-Cycle Theories, II, Business cycles in one un`'eu o`~` of America.

Major Theories in Macroeconomics. which is the expectation that governments can reduce the negative effects of the natural business cycle. This is, generally, achieved through deficit spending in recessions and suppression of inflation during boom times.

Austrian economists are often criticized for ignoring arithmetic or statistical. Econometric Business Cycle Research deals with econometric business cycle research (EBCR), a term introduced by the Nobel-laureate Jan Tinbergen for his econometric method of testing (economic) business cycle theories.

EBCR combines economic theory and measurement in the study of business cycles, i.e., ups and downs in overall economic activity. STATISTICAL MODELING OF MONETARY POLICY AND ITS EFFECTS 4 The other major weakness was the failure to confront the conceptual difficulties in modeling policy decisions as themselves part of the eco-nomic model, and therefore having a probability distribution, yet at the same time as something we wish to consider altering, to make projec.

A book by Tinbergen () was titled Statistical Testing of Business-Cycle Theories, but actually considered an application of econo- metric methods rather than an application of a non-econometric statistical test to leading indica- by:   In both business cycle theories, a crucial role is played by the banking system.

It is the newly created credit on the part of the banker, lent to entrepreneurs, that in both scenarios gives birth to the euphoria of the boom, and ultimately to the inevitable ensuing of a crisis.

Tinbergen, Jan (), Statistical Testing of Business Cycle Theories, Geneva: League of Nations. Walsh, Vivian (), "Models and theory", The New Palgrave: A Dictionary of Economics, 3, New York: Stockton Press, pp.

–83, ISBN Wold, H. (), A Study in the Analysis of Stationary Time Series, Stockholm: Almqvist and Wicksell. cles Theories, and New Keynesian Economics,” in Michael T. Belongia and Michelle R. Garfinkel, eds., The Business Cycle: Theories and Evidence, Federal Reserve Bank of St.

Louis,a, “Inflationary Expectations and Price Setting Behavior,” The Review of Economics and Statistics, 75, Cited by: Trygve Haavelmo (b), 'Statistical Testing of Business-Cycle Theories'3. Trygve Haavelmo (), 'The Probability Approach in Econometrics'4. M.A. Girshick and Trygve Haavelmo (), 'Statistical Analysis of the Demand for Food: Examples of Simultaneous Estimation of Structural Equations'PART II JAMES J.

HECKMAN Introduction to Part. that quarterly data are far more adequate in business cycle analysis than are annual data. Tinbergen, Statistical Testing of Business Cycle Theories, II, Business Cycles in the United States ofAmerica,Geneva, 3"me Dynamic Properties of the Klein-Goldberger Model," Econornetrica, Octoberpp.

In the first volume of his investigations into business cycles commissioned by the League of Nations, entitled Statistical Testing of Business Cycle Theories, published inTinbergen exonerates the statistician and econometrician from his responsibility and explains:Author: Other Writer.

commissioned by the League of Nations to perform statistical tests on business-cycle theories. The results of this later study were published in a two-volume work, Statistical Testing of Business-Cycle Theories ().

The first contained an explanation of the “method” as well asAuthor: Marcel J. Boumans. Tinbergen, Jan. Statistical Testing of Business-Cycle Theories: A Method and Its Application to Investment Activity. Geneva: league of Nations. Business Cycles in the United States of America, Geneva: league of Nations.

Vedder, Richard, and Lowell E. Galloway. "The Great Depression of ". Tinbergen, J, () On a Method of Statistical Business Cycle Research, A reply. Economic Journal, Tinbergen, J., () Statistical Testing of Business Cycle Theories: Part I: A Method and Its Application to Investment Activity, Agaton Press, New Work.Downloadable (with restrictions)!

The Austrian economists Ludwig von Mises and Friedrich A. Hayek developed a unique theory of the business cycle.

In their view, an unsustainable boom ensues when the rate of interest prevailing in the market falls below the natural rate. The boom is characterized not only by an increase in aggregate production but also by a distortion of the structure of.Economic Theory Business Cycle Nobel Prize American Economic Review Demand Curve These keywords were added by machine and not by the authors.

This process is experimental and the keywords may be updated as the learning algorithm improves.

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