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Tuesday, April 07, 2015

In Search of Better Macroeconomic Models

I have a new column:

In Search of Better Macroeconomic Models: Modern macroeconomic models did not perform well during the Great Recession. What needs to be done to fix them? Can the existing models be patched up, or are brand new models needed? ...

It's mostly about the recent debate on whether we need microfoundations in macroeconomics.

    Posted by on Tuesday, April 7, 2015 at 02:23 AM in Economics, Macroeconomics, Methodology | Permalink  Comments (38)


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