<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macroeconometric modelling is one of the ‘big’ projects in economics,<br/>dating back to Tinbergen and Frisch. This introductory chapter first<br/>discusses the state of the project. We advocate the view that, despite some<br/>noteworthy setbacks, the development towards more widespread use of<br/>econometric models, is going to continue. However, models change as<br/>research progresses, as the economy develops, and as the demand and<br/>needs of model users change. We point to evidence of this kind of adaptive<br/>changes going on in current day macroeconometric models. We then<br/>discuss the aspects of the macroeconometric modelling project that we have<br/>contributed to in our own research, and where in the book the different<br/>dimensions and issues are presented.
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