Abstract
The application of econometric methods and results to policy-making at the government level has been an important aim of econometricians in the last two decades. Tinbergen’s work (1939) for the League of Nations, for example, was at least partly originated by the idea that a better knowledge of economic behaviour patterns contributes to the possibilities of macroeconomic engineering. In the last few years several attempts have been made to solve specific and concrete economic problems with such means, especially in Europe, where the names of Frisch and Tinbergen should be mentioned in particular.
This article first appeared in Metroeconomica 11 (1959) 149–167. Reprinted with the permission of Metroeconomica.
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© 1992 Springer Science+Business Media Dordrecht
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Van Den Bogaard, P.J.M., Theil, H. (1992). Macrodynamic Policy-Making: An Application of Strategy and Certainty Equivalence Concepts to the Economy of the United States, 1933–1936. In: Raj, B., Koerts, J. (eds) Henri Theil’s Contributions to Economics and Econometrics. Advanced Studies in Theoretical and Applied Econometrics, vol 24. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2410-2_4
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