The future of macroeconomics: macro theory and models at the Bank of England

The future of macroeconomics: macro theory and models at the Bank of England

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The adoption as policy models by central banks of representative agent New Keynesian dynamic stochastic general equilibrium models has been widely criticised, including for their simplistic micro-foundations. At the Bank of England, the previous generation of policy models is seen in its 1999 medium...

書誌詳細
主要な著者:	Hendry, D, Muellbauer, J
フォーマット:	Working paper
出版事項:	University of Oxford 2017

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