Alternative Approaches to Analyzing Economic Data
比较了Hendry和Ericsson推荐的纯计量方法与作者在《货币史》和《货币趋势》中使用的折中方法，指出前者的文章并非真正评估后者的货币需求模型，而是展示计量技术，且其发现确认而非反驳了作者的主要结果。
This paper compares two approaches to the analysis of economic data: the exclusively econometric approach recommended by Hendry and Ericsson and the more eclectic approach that we employed in our books MONETARY HISTORY and MONETARY TRENDS. It concludes that the article by Hendry and Ericsson is mislabeled. Their article is not in any relevant sense an evaluation of our "empirical model of U.K. money demand." Rather, it uses one equation from our book as a peg on which to hang an exposition of sophisticated econometric techniques. Insofar as their empirical findings do bear on ours, they simply confirm some of our principal results and contradict none. Copyright 1991 by American Economic Association.