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What makes the models-policy interaction successful?

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  • den Butter, Frank A. G.
  • Morgan, Mary S.

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  • den Butter, Frank A. G. & Morgan, Mary S., 1998. "What makes the models-policy interaction successful?," Economic Modelling, Elsevier, vol. 15(3), pages 443-475, July.
    • Handle: RePEc:eee:ecmode:v:15:y:1998:i:3:p:443-475
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    1. Keith B. Church & Joanne E. Sault & Silvia Sgherri & Kenneth F. Wallis, 2000. "Comparative Properties of Models of the UK Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 171(1), pages 106-122, January.
    2. Nelson, Robert H, 1987. "The Economics Profession and the Making of Public Policy," Journal of Economic Literature, American Economic Association, vol. 25(1), pages 49-91, March.
    3. Donders, Jan & Graafland, Johan, 1998. "CPB models and employment policy in the Netherlands," Economic Modelling, Elsevier, vol. 15(3), pages 341-356, July.
    4. den Butter, F. A. G., 1991. "Macroeconomic modelling and the policy of restraint in the Netherlands," Economic Modelling, Elsevier, vol. 8(1), pages 16-33, January.
    5. Smith, Ron, 1990. "The Warwick ESRC macroeconomic modelling bureau: An assessment," International Journal of Forecasting, Elsevier, vol. 6(3), pages 301-309, October.
    6. Faulhaber, Gerald R & Baumol, William J, 1988. "Economists as Innovators: Practical Products of Theoretical Research," Journal of Economic Literature, American Economic Association, vol. 26(2), pages 577-600, June.
    7. Ronald G. Bodkin & Lawrence R. Klein & Kanta Marwah, 1991. "A History of Macroeconometric Model-Building," Books, Edward Elgar Publishing, number 51.
    8. Fair, Ray C & Shiller, Robert J, 1989. "The Informational Context of Ex Ante Forecasts," The Review of Economics and Statistics, MIT Press, vol. 71(2), pages 325-331, May.
    9. Fair, Ray C & Shiller, Robert J, 1990. "Comparing Information in Forecasts from Econometric Models," American Economic Review, American Economic Association, vol. 80(3), pages 375-389, June.
    10. Duguay, Pierre & Longworth, David, 1998. "Macroeconomic models and policy making at the bank of canada," Economic Modelling, Elsevier, vol. 15(3), pages 357-375, July.
    11. Zalm, G., 1998. "The relevance of economic modelling for policy decisions," Economic Modelling, Elsevier, vol. 15(3), pages 309-316, July.
    12. Stefano Siviero & Daniele Terlizzese & Ignazio Visco, 1999. "Are model-based inflation forecasts used in monetary policymaking? A case study," Temi di discussione (Economic working papers) 357, Bank of Italy, Economic Research and International Relations Area.
    13. Wallis, Kenneth F, 1989. "Macroeconomic Forecasting: A Survey," Economic Journal, Royal Economic Society, vol. 99(394), pages 28-61, March.
    14. Mayes, David G. & Razzak, W. A., 1998. "Transparency and accountability: Empirical models and policy making at the Reserve Bank of New Zealand," Economic Modelling, Elsevier, vol. 15(3), pages 377-394, July.
    15. Smith, Ron, 1998. "Emergent policy-making with macroeconometric models," Economic Modelling, Elsevier, vol. 15(3), pages 429-442, July.
    16. Polak, Jacques J., 1998. "The IMF monetary model at 40," Economic Modelling, Elsevier, vol. 15(3), pages 395-410, July.
    17. repec:sae:niesru:v:133:y::i:1:p:91-115 is not listed on IDEAS
    18. Westaway, Peter F., 1995. "The Role of Macroeconomic Models in the Policy Design Process," National Institute Economic Review, National Institute of Economic and Social Research, vol. 151, pages 53-64, February.
    19. Donihue, Michael & Kitchen, John, 1999. "The Troika process: Economic models and macroeconomic policy in the USA," MPRA Paper 22216, University Library of Munich, Germany.
    20. Bray, Jeremy, et al, 1995. "The Interfaces between Policy Makers, Markets and Modellers in the Design of Economic Policy: An Intermodel Comparison," Economic Journal, Royal Economic Society, vol. 105(431), pages 989-1000, July.
    21. repec:sae:niesru:v:153:y::i:1:p:59-72 is not listed on IDEAS
    22. Keith B. Church & Joanne E. Sault & Silvia Sgherri & Kenneth F. Wallis, 2000. "Comparative Properties of Models of the UK Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 171(1), pages 106-122, January.
    23. Richard R. Nelson, 1995. "Recent Evolutionary Theorizing about Economic Change," Journal of Economic Literature, American Economic Association, vol. 33(1), pages 48-90, March.
    24. Kenneth F. Wallis, 1993. "On Macroeconomic Policy and Macroeconometric Models," The Economic Record, The Economic Society of Australia, vol. 69(2), pages 113-130, June.
    25. repec:bla:ecorec:v:69:y:1993:i:205:p:113-30 is not listed on IDEAS
    26. Wallis, Kenneth F & Whitley, John D, 1991. "Macro-models and Macro Policy in the 1980s," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 7(3), pages 118-127, Autumn.
    27. van Els, P. J. A., 1990. "Econometric versus quasiempirical models : Macroeconomic policy analysis in the Netherlands," Economic Modelling, Elsevier, vol. 7(2), pages 133-147, April.
    28. Mr. James M. Boughton, 1997. "Modeling the World Economic Outlook At the IMF: A Historical Review," IMF Working Papers 1997/048, International Monetary Fund.
    29. Bjerkholt, Olav, 1998. "Interaction between model builders and policy makers in the Norwegian tradition," Economic Modelling, Elsevier, vol. 15(3), pages 317-339, July.
    30. Fisher, Paul G. & Wallis, Kenneth F., 1990. "The historical tracking performance of UK macroeconometric models 1978-1985," Economic Modelling, Elsevier, vol. 7(2), pages 179-197, April.
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    Cited by:

    1. Fildes, Robert & Stekler, Herman, 2002. "The state of macroeconomic forecasting," Journal of Macroeconomics, Elsevier, vol. 24(4), pages 435-468, December.
    2. Butter, Frank A.G. den & Koppes, Silvie Y., 2003. "Strikes in France and the Netherlands; a comparison of labour market institutions," Serie Research Memoranda 0012, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    3. Tierney, Heather L.R., 2011. "Real-time data revisions and the PCE measure of inflation," Economic Modelling, Elsevier, vol. 28(4), pages 1763-1773, July.
    4. Brockmeier, Martina & Kleinhanss, Werner & Offermann, Frank, 2008. "The challenges of model based policy advice," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 57(08), pages 1-5.
    5. repec:lan:wpaper:470 is not listed on IDEAS
    6. repec:lan:wpaper:425 is not listed on IDEAS
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    8. repec:lan:wpaper:413 is not listed on IDEAS
    9. Butter, Frank A.G. den, 2006. "The industrial organisation of economic policy preparation in the Netherlands," Serie Research Memoranda 0007, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    10. Kolkman, Daan, 2020. "The usefulness of algorithmic models in policy making," SocArXiv hpma8, Center for Open Science.
    11. Bos, Frits, 2009. "The National Accounts as a Tool for Analysis and Policy; History, Economic Theory and Data Compilation Issues," MPRA Paper 23582, University Library of Munich, Germany.

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