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Economics

Empirical identification of macroeconomic shocks

This article reviews the scientific work of Christopher Sims, which laid the foundation for the formation of the modern macroeconometric approach.

Empirical Identification of Macroeconomic Shocks

The Center for Economic Research and Reforms series of publications examines scientific works that have influenced the development of modern economic thought and methods of analysis. This article reviews the works of Christopher Sims, who shaped the modern approach to macroeconomics. The researcher Christopher Sims died in March 2026, and his work determined the development of macroeconometrics as an independent discipline, known today as empirical macroeconomics.

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