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What Macroeconomists Are Missing

Harvard Business Review

Serodio thought a post I had written citing the complaints of former European Central Bank chairman Jean-Claude Trichet and author Jonathan Schlefer was too dismissive of modern macro, in particular the dynamic stochastic general equilibrium (DSGE) models that dominate academic and central bank macro research.

Banking 13
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What Alan Greenspan Has Learned Since 2008

Harvard Business Review

In the fall he came out with a book setting out his new and improved worldview, The Map and the Territory: Risk, Human Nature, and the Future of Forecasting. I guess they shut it down in June,” he says, estimating when the book went to the printer. The book is not the world’s most coherent. They are not.