Professor of Economics
Professor Hoover's research interests include macroeconomics, monetary economics, the history of economics, and the philosophy and methodology of empirical economics. His recent work in economics has focused on the application of causal search methodologies for structural vector autoregression, the history of microfoundational programs in macroeconomics, and Roy Harrod's early work on dynamic macroeconomics. In philosophy, he has concentrated on issues related to causality, especially in economics, and on reductionism -- the philosophical counterpart to microfoundations. Recent publications include:
- "Trygve Haavelmo's Experimental Methodology and Scenario Analysis in a Cointegrated Vector Autoregression" (Econometric Theory, 2015),
- "Reductionism in Economics: Intentionality and Eschatological Justification in the Microfoundations of Macroeconomics" (Philosophy of Science 2015),
- "Mathematical Economics Comes to America: Charles S. Peirce’s Engagement with Cournot’s Recherches sur les Principes Mathematiques de la Théorie des Richesses" (Journal of the History of Economic Thought, 2015),
- "The Genesis of Samuelson and Solow’s Price-Inflation Phillips Curve" (History of Economics Review, 2015),
- "Solow's Harrod: Transforming Cyclical Dynamics into a Model of Long-run Growth" (European Journal of the History of Economic Thought 2015),
- "In the Kingdom of Solovia: The Rise of Growth Economics at MIT, 1956-1970" (History of Political Economy 2014),
- “Still Puzzling: Evaluating the Price Puzzle in an Empirically Identified Structural Vector Autoregression” (Empirical Economics, 2014),
- "On the Reception of Haavelmo's Econometric Thought" (Journal of the History of Economic Thought, 2014) – winner of the History of Economics Society Best Paper Award in 2015.
- Ph.D., University of Oxford (UK) 1985
- M.A., University of Oxford (UK) 1983
- B.A., University of Oxford (UK) 1979
Hoover, K. D. “Minisymposium on the history of econometrics: Introduction.” History of Political Economy 42, no. 1 (February 26, 2010): 19–20. https://doi.org/10.1215/00182702-2009-061. Full Text
Hoover, K. D. ““Minisymposium: Methodological Implications of the Financial Crisis: Introduction”.” Journal of Economic Methodology, 2010.
Boianovsky, M., and K. D. Hoover. “The neoclassical growth model and twentieth-century economics.” History of Political Economy 41, no. SUPPL.1 (December 1, 2009): 1–23. https://doi.org/10.1215/00182702-2009-013. Full Text Open Access Copy
Hoover, K. “Economic reasoning.” Economist 392, no. 8643 (August 8, 2009).
Demiralp, S., K. D. Hoover, and S. J. Perez. “A bootstrap method for identifying and evaluating a structural vector autoregression.” Oxford Bulletin of Economics and Statistics 70, no. 4 (August 1, 2008): 509–33. https://doi.org/10.1111/j.1468-0084.2007.00496.x. Full Text Open Access Copy
Hoover, K. D. “The vanity of the economist: A comment on Peart and Levy's the "Vanity of the Philosopher".” American Journal of Economics and Sociology 67, no. 3 (July 1, 2008): 445–53. https://doi.org/10.1111/j.1536-7150.2008.00581.x. Full Text Open Access Copy
Hoover, K. D., S. Johansen, and K. Juselius. “Allowing the data to speak freely: The macroeconometrics of the cointegrated vector autoregression.” American Economic Review 98, no. 2 (May 1, 2008): 251–55. https://doi.org/10.1257/aer.98.2.251. Full Text Open Access Copy
Hoover, K. D., and M. V. Siegler. “Sound and fury: McCloskey and significance testing in economics.” Journal of Economic Methodology 15, no. 1 (March 1, 2008): 1–37. https://doi.org/10.1080/13501780801913298. Full Text Open Access Copy
Hoover, K. D., and M. V. Siegler. “The rhetoric of 'Signifying nothing': A rejoinder to Ziliak and McCloskey.” Journal of Economic Methodology 15, no. 1 (March 1, 2008): 57–68. https://doi.org/10.1080/13501780801913546. Full Text
Hoover, K. D. “A History of Postwar Monetary Economics and Macroeconomics,” December 13, 2007, 411–27. https://doi.org/10.1002/9780470999059.ch26. Full Text
Keynote Lecture, First International Symposium on the History of Economic Thought (ISHET), The Integration of Micro and Macroeconomics from a Historical Perspective: “Microfoundational Programs". August 3, 2009