Econometrics and Economic Theory in the 20th Century: The Ragnar Frisch Centennial Symposium

Abstract

Introduction List of contributors Part I. Ragnar Frisch and his Contributions to Economics: 1. Ragnar Frisch at the University of Oslo Jens C. Andvig and Tore Thonstad 2. Ragnar Frisch and the foundation of the econometric society and Econometrica Olav Bjerkholt 3. The contributions of Ragnar Frisch to economics and econometrics John S. Chipman Part II. Utility Measurement: 4. Nonparametric estimation of exact consumer surplus and deadweight loss Jerry A. Hausman and Whitney K. Newey 5. Consumer demand and intertemporal allocations: Engle, Slutsky and Frisch Richard Blundell Part III. Production Theory: 6. Production functions: the search for identification Zvi Griliches and Jacques Mairesse 7. Investment and growth Dale W. Jorgenson Part IV. Microeconomic Policy: 8. Evaluating the Welfare State James J. Heckman and Jeffrey Smith 9. Frisch, hotelling and the marginal-cost pricing controversy Jean-Jacques Laffont Part V. Econometrics Methods: 10. Scientific explanations in econometrics Bernt P. Stigum 11. An autoregressive distribution-lag modelling approach to cointegration analysis M. Hashem Pesaran and Yongcheol Shin 12. Econometric issues related to errors in variables in financial models G. S. Maddala 13. Statistical analysis of some nonstationary time series Soren Johansen Part VI. Macrodynamics: 14. Frisch's vision and explanation of the trade-cycle phenomenon: his connection with Wicksell, Akerman and Schumpeter Bjorn Thalberg 15. Ragnar Frisch's conception of the business cycle Lawrence R. Klein 16. Business cycles: real facts or fallacies? Gunnar Bardsen, Paul G. Fisher and Ragnar Nymoen Part VII. Macroeconomic Planning: 17. The influence of Ragnar Frisch on macroeconomic planning and policy in Norway Petter Jakob Bjerve 18. How Frisch saw in the 1960s the contribution of economists to development planning E. Malinvaud 19. On the need for macroeconomic planning in market economies: three examples from the European Monetary Union project A. J. Hughes Hallett Author index Subject index.

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