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Economic concepts as political constructions?

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To what extent are the economic concepts such as the output gap, used by the OBR to frame and pilot economic policy political constructions?

This project will explore how far economic forecasts are grounded in firm evidence and unquestioned scientific methodologies, or if they are in fact based on contested methods, bedevilled by uncertainties, and subject to substantial retrospective revisions.

Tue 19 Mar 2019, 17:27 | Tags: economic models, output gap, political constructs