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 began to confuse the precision it has achieved about its own world with the precision th...
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| Format: | Working Paper |
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Cambridge, MA: Department of Economics, Massachusetts Institute of Technology
2012
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| Online Access: | http://hdl.handle.net/1721.1/71548 |