Noah Smith has a nice piece up today on what he considers the most “damning critique of DSGE:”…
Although I think the unsellability of DSGE — private-sector firms do not pay lots of money to use DSGE models — is a strong argument against DSGE, it is not a killing magic bullet or the most damning critique of it….
Why DSGE is such a spectacularly useless waste of timeLars P. Syll | Professor, Malmo University
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