Macroeconomics after the crisis: time to deal with the pretense-of-knowledge syndrome
"In this paper I argue that the current core of macroeconomics —by which I mainly mean the so-called dynamic stochastic general equilibrium approach— has become so mesmerized with its own internal logic that it has begun to confuse the precision it has achieved about its own world with the prec...
Main Authors: | National Bureau of Economic Research, Cambridge, Caballero, Ricardo J. |
---|---|
Institution: | ETUI-European Trade Union Institute |
Format: | TEXT |
Language: | English |
Published: |
Cambridge, MA
2010
NBER |
Subjects: | |
Online Access: | https://www.labourline.org/KENTIKA-19183518124919017909-Macroeconomics-after-the-crisi.htm |
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