Oxford Review of Economic Policy, Volume 34, Numbers 1–2, 2018, pp. 132–155 Is something really wrong with macroeconomics? Ricardo Reis* Abstract: Many critiques of the state of macroeconomics ...
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...Oxford review of economic policy volume numbers pp is something really wrong with macroeconomics ricardo reis abstract many critiques the state are off target current macroeconomic research not mindless dsge modelling filled ridiculous assumptions and oblivious data rather young macroeconomists doing vibrant varied exciting work getting jobs being published informs only moderately more than nor differ ently from other fields in economics monetary has benefitted significantly this advice keeping inflation under control preventing a new great depression forecasts perform poorly absolute terms given size challenge probably always will but relative to level aggregation time horizon amount funding so obviously worse those what most today perhaps that there too little discussion which models teach investment graduate textbooks keywords methodology teaching forecasting public debate jel classification b e i introduction accepted invitation write essay take part reluc tance company distinguish...