Mainstream macroeconomists no longer ignore the financial sector. I can attest to that after doing my honest best to work my way through a reading list assigned to me on Twitter by Pedro Serôdio, a Ph.D student in economics at the University of Essex. 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.
What Macroeconomists Are Missing
Mainstream macroeconomists no longer ignore the financial sector. I can attest to that after doing my honest best to work my way through a reading list assigned to me on Twitter by Pedro Serôdio, a Ph.D student in economics at the University of Essex. Serodio thought a post I had written citing the complaints of […]
April 05, 2012