By Kevin D. Hoover
Fiscal method generally makes a speciality of microeconomic idea. The technique of Empirical Macroeconomics breaks new flooring by way of focusing as an alternative at the actual difficulties that come up for macroeconomists attempting to relate idea to information. It demonstrates that with cautious consciousness to real macroeconomic perform, fiscal method and the philosophy of technological know-how support to unravel difficulties confronted via operating macroeconomists. a few matters addressed are: the connection among theoretical versions and empirical observations; microfoundations for macroeconomics; the scope and nature of monetary legislation, the function of idealizations, methodological individualism, and the matter of causality.
"I think that this publication accomplishes its major mission--relating the philosophy of technological know-how to sensible macroeconomic issues." -