Question about history of forecasting models

[Clifford Poirot <cpoirot@xxxxxxxxxxx>]

I read recently an assertion that mainstream "Keynesian" forecasting models
of the 1960's and 1970's did not incorporate any tax or monetary
variables.This strikes me as wildly improbably, but I would be curious to
know if there were any such forecasting models and how widely they were
used.

-----Original Message-----
From: pdavidso [mailto:pdavidso@xxxxxxx]
Sent: Thursday, January 10, 2002 5:59 PM
To: mosler@xxxxxxxx
Cc: pkt@xxxxxxxxxxxxxxxx
Subject: Re: two currencies and Korean war


>===== Original Message From mosler@xxxxxxxx =====
>>
>I would call that US script 'commodity money' as it
>was convertible at the px.
>

But then all currency is "commodity money -- at least if it is legal tender
--
for it convertible for commodities at the retail stores.

Paul

Paul Davidson
Editor, Journal of Post Keynesian Economics
University of Tennessee
SMC 523
Knoxville, Tennessee 37996-0550
phone # (865)974-4221; fax #(561)737-8262;
email pdavidson@xxxxxxx
http://econ.bus.utk.edu/Davidson.html