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Identities vs. Equations in Macroeconomics (Haavelmo)
Saturday, September 26, 2015 17:39
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by Dirk Ehnts, Econoblog101
I have just found a very nice paper by Trygve Haavelmo on identities and equations in macroeconomics. After having received a referee report in which it was written that “identities constrain nothing except our use of language” I searched for some insights that backed up the position that I have in mind.
Source: http://econintersect.com/b2evolution/blog2.php/2015/09/26/identities-vs-equations-in-macroeconomics-haavelmo
