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European Economics and the Early Years of the “International Seminar on Macroeconomicsâ€

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  • Aurélien Goutsmedt
  • Matthieu Renault, Francesco Sergi

Abstract

The International Seminar on Macroeconomics (ISoM) is an annual conference, which was co-sponsored, during 15 years (1978-1993) by the French EHESS and the NBER. This article uncovers the scientiï¬ c and institutional dynamics unrolling from this cooperation. The ISoM, we argue, constituted a decisive step towards the making of a European network of economists, sharing a distinctive style of economics, insofar that the Seminar gathered macroeconomists who were leading the development of this European network. We illustrate how the ISoM stands at the crossroad of two types of ‘internationalisation’ of economics: on the one hand, the integration of European national communities; on the other hand, the process of ‘Americanisation’ of economics. While existing literature on ‘internationalisation’ focuses on the national level, our contribution investigates its European level. Moreover, we unveil the key role played in this process by macroeconomics—and more speciï¬ cally, large-scale macroeconometric modelling on the one hand, and the disequilibrium theory on the other hand. These two approaches provided a common research agenda and shared scientiï¬ c standards for the emerging network.

Suggested Citation

  • Aurélien Goutsmedt & Matthieu Renault, Francesco Sergi, 2019. "European Economics and the Early Years of the “International Seminar on Macroeconomicsâ€," Working Papers, Department of Economics 2019_50, University of São Paulo (FEA-USP).
    • Handle: RePEc:spa:wpaper:2019wpecon50
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    More about this item

    Keywords

    History of macroeconomics; International Seminar on Macroeconomics; NBER; EHESS; Disequilibrium theory;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General

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