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Wednesday, May 20, 2015

Guest Post At RWER On DSGE Models

Thanks to Merijn Knibbe, I have the article "DSGE macro models criticism, a round up. Part 5, the intertemporal government budget constraint" posted on the Real-World Economics Review Blog. It gives an overview about my complaints about the mathematical framework for fiscal policy within DSGE macro models. (A round up of my articles here.)

I have not written about "mathiness" (Tom Hickey compiled a list of articles here), but mangling the constraints on fiscal policy seems to qualify.

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