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Wednesday, April 19, 2023

Lars P. Syll’s — Why DSGE models are worse than useless

To flog a dead horse. Unfortunately, the horse is still alive and well in academia and central banks.

The unsellability of DSGE models — private-sector firms do not pay lots of money to use DSGE models — is one strong argument against DSGE.

But it is not the most damning critique of it.
Lars P. Syll’s Blog
Why DSGE models are worse than useless
Lars P. Syll | Professor, Malmo University




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