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Macroeconomic Dynamics at the Cowles Commission from the 1930s to the 1950s

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  • Robert W. Dimand

    (Department of Economics, Brock University)

Abstract

This paper explores the development of dynamic modelling of macroeconomic fluctuations at the Cowles Commission from Roos, Dynamic Economics (Cowles Monograph No. 1, 1934) and Davis, Analysis of Economic Time Series (Cowles Monograph No. 6, 1941) to Koopmans, ed., Statistical Inference in Dynamic Economic Models (Cowles Monograph No. 10, 1950) and Klein's Economic Fluctuations in the United States, 1921-1941 (Cowles Monograph No. 11, 1950), emphasizing the emergence of a distinctive Cowles Commission approach to structural modelling of macroeconomic fluctuations influenced by Cowles Commission work on structural estimation of simulation equations models, as advanced by Haavelmo ("A Probability Approach to Econometrics," Cowles Commission Paper No. 4, 1944) and in Cowles Monographs Nos. 10 and 14. This paper is part of a larger project, a history of the Cowles Commission and Foundation commissioned by the Cowles Foundation for Research in Economics at Yale University. Presented at the Association Charles Gide workshop "Macroeconomics: Dynamic Histories. When Statics is no longer Enough," Colmar, May 16-19, 2019.

Suggested Citation

  • Robert W. Dimand, 2019. "Macroeconomic Dynamics at the Cowles Commission from the 1930s to the 1950s," Cowles Foundation Discussion Papers 2195, Cowles Foundation for Research in Economics, Yale University.
    • Handle: RePEc:cwl:cwldpp:2195
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    References listed on IDEAS

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    1. Jean-Sébastien Lenfant, 2021. "Eugen (Evgeny Evgenievich) Slutsky (1880-1948)," Working Papers hal-03628273, HAL.

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    More about this item

    Keywords

    Macroeconomic dynamics; Cowles Commission; Business cycles; Lawrence R. Klein; Tjalling C. Koopmans;
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