The Econometric SocietyEdited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: Oct, 1960, Volume 28, Issue 4
https://doi.org/0012-9682(196010)28:4<749:ASOTUS>2.0.CO;2-7
p. 749-809
Gary Fromm, James S. Duesenberry, Otto Eckstein
To test the vulnerability of the U.S. economy to depression, an econometric model has been built, which seeks to put the automatic stabilizers in a realistic macroeconomic setting. This model makes it possible to estimate the impact of alternative time patterns of decline of fixed investment and government purchases on the quarterly national income accounts, particularly on GNP. The model is also used to discover the implications of new potential policies, particularly improvements in the automatic stabilizers. A simulation approach is employed to study the effects of the error terms in the equations, both to see the forecasting potential of a model of this sort and to test whether errors lead to cumulative deviations from the expected path of the system.
March 5, 2024
The terms of the Editors of the Econometric Society's three journals end June 30, 2025. We are pleased to announce the incoming Editors and to thank the outgoing Editors for their excellent and continuing service.
Econometrica: Since 2019, Guido Imbens has served as the 14th Editor of Econometrica. On July 1, 2025, Marina Halac will become the Editor.
Quantitative Economics: Stéphane Bonhomme has been the Editor of Quantitative Economics since 2021. His successor will be Bernard Salanié.
Theoretical Economics: The Editor of Theoretical Economics since 2021 has been Simon Board. Taking over for him in July 2025 will be Federico Echenique.
Guido, Stéphane, and Simon have been outstanding Editors. We are grateful to them for the work they have done and will continue to do, and we look forward to further congratulating them next year. We believe Marina, Bernard, and Federico will be outstanding successors and we thank them in advance for their service.
Finally, we are grateful to Larry Samuelson for chairing all three search committees, and we thank the search committee members for their hard and fruitful work:
Econometrica: Christian Dustmann, Lars Hansen, Alessandro Lizzeri, George Mailath, Ariel Pakes, Helene Rey, and Elie Tamer.
QE: Kate Ho, Michael Keane, Felix Kubler, Whitney Newey, and Frank Schorfheide.
TE: Jeff Ely, Johannes Horner, Gilat Levy, Meg Meyer, and Ran Spiegler.
