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Macroeconomic Modeling Spooky in a culture that tellsAn empirical approach to constructing macroeconomic models. Macroeconomic Modeling presents an empirically based approach to the construction of macroeconomic modelsthe Cowles Commission approachas a response to the backlash that has taken place since the late 1970s to this methodology. The emphasis in the literature has been on tightly specified theoretical models, which lack realism. In this book, Ray C. Fair develops models to analyze a variety of