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거시 계량경제학의 인과 모형에서 딜레마와 이에 대한 해결 방안

A Way out of the dilemma with causal models in macroeconometrics

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초록

I put forth a way out of a dilemma due to the debate of Lucas(1976)-Hoover(1990, 2001) and LeRoy(1995a, 1995b) on whether the theory of macroecometics founded on Lucas critique is tenable as casual model. While considering the probabilistic theory of causality and theories of casual model such as structural equation model, I show that the two opposite viewpoints are logically compatible. First, I introduce the dilemma on whether economic policy reflecting rational expectation of private economic agents should be held fixed either as parameters advocated by Lucas and Hoover or as variables advocated by LeRoy. Second, I show how the two opposite viewpoints of Lucas-Hoover and LeRoy are logically compatible in terms of both causal interaction and counterfactual factors elaborated in the probabilistic theory of causality and moderate variable elaborated in the theories of casual model.

Abstract

I put forth a way out of a dilemma due to the debate of Lucas(1976)-Hoover(1990, 2001) and LeRoy(1995a, 1995b) on whether the theory of macroecometics founded on Lucas critique is tenable as casual model. While considering the probabilistic theory of causality and theories of casual model such as structural equation model, I show that the two opposite viewpoints are logically compatible. First, I introduce the dilemma on whether economic policy reflecting rational expectation of private economic agents should be held fixed either as parameters advocated by Lucas and Hoover or as variables advocated by LeRoy. Second, I show how the two opposite viewpoints of Lucas-Hoover and LeRoy are logically compatible in terms of both causal interaction and counterfactual factors elaborated in the probabilistic theory of causality and moderate variable elaborated in the theories of casual model.

참고문헌 (14)

  1. 김준성, "이행적 인과 경로를 통한 원인 효과에 대한 해명: 구조 방정식에 토대한 인과 모형의 원인 효과 개념에 대한 평가와 대안", 논리연구, 18(1), pp.83~131 (2015), 한국논리학회
  2. 김준성, "‘통섭(統攝: Consilience)’의 의미 - 휴월(Whewell)의 귀납적 통섭에대한 분석", 인문과학연구논총, (29), pp.67~81 (2008)
  3. Baron, Reuben, "The moderator-mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations", Journal of personality and social psychology, 51(6), pp.1173~1182 (1986)
  4. Cartwright, Nancy, "Cartwright, How the Laws of Physics Lie", pp.21~43 (1983), OUP
  5. Eells, Ellery, "Probabilistic Causality" (1991), Cambridge Univ. Press
  6. Eells, Ellery, "Cartwright on Probabilistic Causality: Types, Tokens and Capacities", Philosophy and Phenomenological Research, 55(1), pp.169~175 (1995)
  7. Hamilton, James, "Macroeconometrics: Developments, Tensions, and Prospects", pp.325~349 (1995), Springer Science &Business Media
  8. Hoover, Kevin, "The logic of causal inference: Econometrics and the conditional analysis of causation", Economics and philosophy, 6(02), pp.207~234 (1990)
  9. Hoover, Kevin, "The Philosophy of Economics:Anthology", pp.297~314 (2007), Cambridge Univ. Press
  10. Hoover, Kevin, "Causality in Macroeconomics" (2001), Cambridge Univ. Press
  11. LeRoy, Stephen, "Macroeconometrics: Developments, Tensions, and Prospects", pp.211~233 (1995), Springer Science & Business Media
  12. LeRoy, Stephen, "Macroeconometrics: Developments, Tensions, and Prospects", pp.235~261 (1995), Springer Science & Business Media
  13. Lucas, Robert, "Theory, Policy, Institutions: Papers from the Carnegie-Rochester Conference Series on Public Policy", pp.19~46 (1983), Elsevier Science Publishers B.V
  14. Mankiw, Nicholas, "Principles of Macroeconomics" (2008), Cengage Learning

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