Author Archives: robmacroseminar

Going Global

One thing that we should consider as we revise each of our sections (I made this point earlier today but I think this is a better example) – how do the purposes of macro theory intersect, and what are the consequences of failure in one area? This article I think makes an interesting point in that […] Continue reading

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What do we mean when we say that Macroeconomics is broken?

Hi friends (but mostly Nikita and Alli because this might be something we want to consider), First, please excuse the stream of consciousness (I promise I tried to keep this organized). Second, when I refer to modern macro as being “broken” I’m referring to it being broken with regards to its ability to predict/explain behavior […] Continue reading

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For those who had Waka-Flocka-itis on Friday (and other orders of business)

Hi friends, First, for those who were unable to make it to class on Friday, you can access the slides to Brittany and I’s presentation on the Federal Reserve’s FRB model here: https://docs.google.com/presentation/d/1ltQnFXu9I-Dm-f91YtzKIKuJyJpUh7wdkRGOmiKrg9Q/edit#slide=id.p Second, there are still a few stragglers who have not yet joined the dropbox. Here are some step-by-step instructions to join: 1. […] Continue reading

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What is a conceptual framework?

My first instinct after reading Campbell’s blog post “Conceptual Frameworks: some thoughts” was to try to define the conceptual framework of Econ488. I found this was tricky because Campbell explicitly separated the idea of having “conceptual framework” from having “a set of standards, or learning outcomes … or prescriptive enumeration of skills.” (It might just […] Continue reading

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Do DSGE models have a future?

Oliver Blanchard of the Peterson Institute for International Economics had an interesting hot take on the future of DSGE models. In essence, his argument was that while DSGE models have a number of unappealing features (they’re based on shaky assumptions, estimation as a system makes it difficult to pinpoint flaws in the models, they don’t provide […] Continue reading

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Reading on Keynes General Theory for Wednesday/Friday

http://www.springer.com/cda/content/document/cda_downloaddocument/9783319114507-c2.pdf?SGWID=0-0-45-1477625-p176985453
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Reading on Keynes General Theory for Wednesday/Friday

http://www.springer.com/cda/content/document/cda_downloaddocument/9783319114507-c2.pdf?SGWID=0-0-45-1477625-p176985453
Continue reading

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