Brian Romanchuk — DSGE Macro As An "All You Can Eat" Buffet (Part 1)

Brain states his position in the current debate on economic modeling.

The ongoing online debate regarding mainstream Dynamic Stochastic General Equilibrium (DSGE) models has again heated up. Professor Simon Wren-Lewis of Oxford discussed whether mainstream macro was eclectic; provoking a response from Professor Lars P. Syll of Malmö University, the latest of which is "'Deep Parameters' And Microfoundations". I am not interested in the entire spectrum of their debate, rather on the question of eclectic models. (This is the first part of a two-part series.)

Bond Economics
DSGE Macro As An "All You Can Eat" Buffet (Part 1)
Brian Romanchuk