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The role of prediction in economics: plausibility of testing economic theory, with special reference to Ricardian equivalence.

by Man Ka Kit. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1994. / Includes bibliographical references (leaves 67-76). / ABSTRACT --- p.3 / INTRODUCTION --- p.4 / Chapter PART I --- WHAT IS PREDICTION? --- p.7 / Chapter 1.1 --- Structure of Scientific Explanation: Covering-Law Model --- p.8 / Chapter 1.2 --- Prediction and Theory choice --- p.10 / Chapter 1.3 --- Prediction and Economic Methodology --- p.11 / Chapter 1.4 --- Conventional Wisdom --- p.12 / Chapter 1.41 --- Friedman's Methodology --- p.12 / Chapter 1.42 --- The Impact of Popper --- p.14 / Chapter 1.5 --- Unconventional Wisdom --- p.16 / Chapter 1.51 --- KUHN AND LAKATOS --- p.16 / Chapter 1.52 --- FEYERABEND THE ANARCHIST --- p.17 / Chapter 1.6 --- Conclusion for Part I --- p.18 / Chapter PART II --- MACROECONOMIC CONTROVERSY --- p.20 / Chapter 2.1 --- "lucas' Critique, the New Classical and the New Keynesian" --- p.20 / Chapter 2.2 --- The Role of Stabilization Policy --- p.22 / Chapter 2.3 --- Effectiveness of Monetary Policy --- p.24 / Chapter 2.4 --- effectiveness of fiscal policy --- p.25 / Chapter 2.5 --- Conclusion for Part II --- p.26 / Chapter PART III --- TESTING RICARDIAN EQUIVALENCE --- p.28 / Chapter 3.1 --- ricardian equivalence versus keynesian theory --- p.29 / Chapter 3:2 --- (unrealistic) assumptions behind ricardian proposition --- p.31 / Chapter 3.21 --- "INEFINTIE horizon, altruism, and intergeneration transfer" --- p.31 / Chapter 3.22 --- IMPERFECT CAPITAL MARKET --- p.34 / Chapter 3 23 --- DISTORTIONARY TAX --- p.35 / Chapter 3.24 --- "BOUNDED rationality, PERFECT FORESIGHT, AND RATIONAL EXPECTATIONS" --- p.36 / Chapter 3.3 --- Empirical Evidence --- p.37 / Chapter 3.31 --- CONSUMPTION FUNCTION STUDIES --- p.38 / Chapter 3 32 --- INTEREST RATE STUDIES --- p.43 / Chapter 3.4 --- technical problems: (unrealistic) assumptions behind the econometric models --- p.45 / Chapter 3.41 --- Specification and Data Generation Process --- p.45 / Chapter 3 42 --- IDENTIFICATION PROBLEM --- p.48 / Chapter 3 43 --- staggerjng of (NOT-well-established) hypotheses --- p.49 / Chapter 3.44 --- PROXIES FOR unobservables --- p.50 / Chapter 3.5 --- Conclusion for Part III --- p.51 / Chapter PART IV --- CONCLUSION --- p.53 / Chapter 4.1 --- Duhem-Quine Thesis --- p.53 / Chapter 4.2 --- The Austrians and Subjectivism --- p.55 / Chapter 4.3 --- hausman --- p.57 / Chapter 4.4 --- Friedman and Popper Revisited --- p.58 / Chapter 4.5 --- The Role of Prediction --- p.61 / EPILOGUE --- p.62 / Ricardian Equivalence Vs Approximate Equivalence: Some Reflections --- p.62 / Truth and Invariance --- p.63 / "Certitude, Simplicity, and Irrationality" --- p.65 / REFERENCES --- p.67

Identiferoai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_318105
Date January 1994
ContributorsMan, Ka Kit., Chinese University of Hong Kong Graduate School. Division of Economics.
PublisherChinese University of Hong Kong
Source SetsThe Chinese University of Hong Kong
LanguageEnglish
Detected LanguageEnglish
TypeText, bibliography
Formatprint, 76 leaves ; 30 cm.
RightsUse of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/)

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