Causality and Objectivity in Macroeconomics by Tobias Henschen - 9780367557256

Causality and Objectivity in MacroeconomicsAuthor(s): Tobias Henschen\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367557256, 978-0367557256\nSynopsis\nCentral banks and other policymaking institutions use causal hypotheses to justify macroeconomic policy decisions to the public and public institutions. These hypotheses say that changes in one macroeconomic aggregate ([url] aggregate demand) cause changes in other macroeconomic aggregates ([url] in inflation). An important (perhaps the most important) goal of macroeconomists is to provide conclusive evidence in support of these hypotheses. If they cannot provide any conclusive evidence, then policymaking institutions will be unable to use causal hypotheses to justify policy decisions, and then the scientific objectivity of macroeconomic policy analysis will be questionable.\n\nThe book analyzes the accounts of causality that have been or can be proposed to capture the type .