Where modern macroeconomics went wrong
This paper provides a critique of the DSGE models that have come to dominate macroeconomics during the past quarter-century. It argues that at the heart of the failure were the wrong micro-foundations, which failed to incorporate key aspects of economic behaviour, e.g. incorporating insights from in...
Saved in:
| Published in: | Oxford review of economic policy 2018, Vol.34 (1/2), p.70-106 |
|---|---|
| Main Author: | |
| Format: | Article |
| Language: | English |
| Citations: | Items that this one cites Items that cite this one |
| Online Access: | Get full text |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|