We present the banking part of our macro model, explaining its theoretical framework and offering some numerical simulations.NEF | New Economics Foundation
Including banks in macroeconomic models - finally
Emanuele Campiglio | Economics researcher
Thursday, August 9, 2012
Emanuele Campiglio — Including banks in macroeconomic models - finally
Including banks in macroeconomic models - finally
Emanuele Campiglio | Economics researcher
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Instead of theory slowly trying to rediscover operations, just let operations dictate what theory can strive to explain & project.
Operations change too fast to be sampled only at the whim of theorists. To make theory useful, operations have to dictate needs to theorists.
We've got this whole thing ass backwards.
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