Where Modern Macroeconomics Went Wrong
Dynamic Stochastic General Equilibrium (DSGE) models, which have played such an important role in modern discussions of macroeconomics, in my judgment fail to serve the functions
which a well-designed macroeconomic model should perform. The most important challenge facing any macro-model is to provide insights into the deep downturns that have occurred repeatedly and what should be done in response.
Probůh, nejsou tu komentáře! Ničí citečky nebyly uraženy? Neuvěřitelné!
Nejsi snad tak rozhořčen, že je třeba, abys vše uvedl okamžitě na pravou míru?
Jiné úvahy:
Což si zahejtovat?