22 Use of mathematics in macroeconomic analysis
Lars W. Josephsen
Introduction
Mathematics and mathematical models are ubiquitous in macroeconomic theory building. One reason is that mathematics for many researchers is linked to analyses characterised by internal consistency, precision and objectivity. However, it is contested what role mathematics and mathematical models in practice play – and should play – as a scientific language and an analytical tool in doing economics.
This chapter is an attempt to draw attention to a rather broad field of methodological themes related to the use of mathematics in macroeconomic analyses and the question of the use and misuse of mathematical modelling in macroeconomic theory. ...
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