The Econometric Society holds a World Congress every five years. The programme of these congresses has traditionally included a series of invited symposia, where speakers survey important recent advances in economic theory and econometrics. These two volumes, with their focus on econometrics, and their companion volume on economic theory, contain papers delivered at the Fifth World Congress held in 1985. Designed to make material accessible to a general audience of economists, these papers should be helpful to anyone with training in economics who wishes to follow ideas and tendencies in the subject. Advances in Econometrics: Fifth World Congress, Volumes I and II, edited by Professor Truman F. Bewley of Yale University, include a wide variety of topics, comprising empirical and policy oriented subjects as well as theoretical and methodological ones.
• Well known and highly respected editor • Paperback edition of a well received hardback • Highly accessible volume which covers a wide range of topics
9. Econometric metaphors Edward E. Leamer; 10. Econometric methodology: a personal perspective David F. Hendry; 11. Making economics credible Christopher A. Sims; 12. The empirical analysis of tax reforms Mervyn A. King; 13. Tests for liquidity constraints: a critical survey and some new observations Fumio Hayashi; 14. Life-cycle models of consumption: is the evidence consistent with the theory? Angus Deaton; 15. A framework for relating microeconomic and macroeconomic evidence on intertemporal substitution Thomas E. MaCurdy; 16. The short run behavior of labor supply Stephen J. Nickell; 17. Some pitfalls in applied general equilibrium modelling Jean Waelbroeck; 18. Operationalising Walras: experience with recent applied general equilibrium tax models John Whalley.
'A very interesting collection of papers, as accessible to the general economist as to the specialist.' The Economic Journal