N. Emrah Aydinonat

490 days ago

The State of Macro Is Sad (Wonkish)

krugman.blogs.nytimes.com

Olivier Blanchard has a characteristically informed, lucid essay on the role of DSGE models in macroeconomics, in which he accurately describes the problems with these models but – again characteristically – tries to make peace with both sides, calling for reform of this dominant