Macroeconomic analysis has been at the core of econometrics ever since its inception. Indeed, the first Nobel prize in economics was awarded in 1969 to Ragnar Frisch and Jan Tinbergen for their early contributions to dynamic macroeconometrics. The last five decades brought major advances in structural macroeconometrics, describing and forecasting time series, and dynamic panel data methods. Current developments offer new challenges, such as the evaluation of unconventional monetary policies, and opportunities, like the availability of extremely rich data sets. This Virtual Issue collates recent contributions to The Econometrics Journal that study these and other cutting edge topics in macroeconometrics.
