Sulla struttura causale dei modelli econometrici: una rivisitazione del problema in chiave sistemistica

This paper aims to settle the issue of identifying the causal or interdependent nature of econometric models by shedding light on the analogy linking the so-called reduced form of structural models and the secondary form of closed-loop systems. This turns out to pave the way to unfold the latent feedback mechanism possibly hidden in the reduced form of an econometric relationship taken out of a simultaneous equation model, and eventually leads to set up a diagnostic framework and an effective toolkit for causal structure analysis.