Did Macro Models Fail Us?

Noah Smith says "no".

I say "no" as well, but for a somewhat different reason: contra this: "if you're going to give policymakers real advice, you're going to have to choose which model - or which basket of models - to base your advice on," macroeconomic models are not the sort of thing upon which one can base policy advice. And this post explains why.

Comments

Popular posts from this blog

Central Planning Works!