Open Roads in Macroeconomics

31 Pages Posted: 21 Apr 2018 Last revised: 25 Oct 2018

See all articles by Nicolas Cachanosky

Nicolas Cachanosky

The University of Texas at El Paso; American Institute for Economic Research; UCEMA Friedman-Hayek Center for the Study of a Free Society

Date Written: April 4, 2018

Abstract

An ongoing debate has been going on since the 2008 crisis on the stance of macroeconomic modelling and what changes, if any, should the discipline take. Besides model improvements, the use of DSGE modeling in policy making continued unaltered. This situation has been defended and criticized by different scholars. This paper reviews the stance of the DSGE debate and discusses open roads in macroeconomic theory.

Keywords: Macroeconomic; DSGE; Economic Policy

JEL Classification: E32; E52; E58; B53

Suggested Citation

Cachanosky, Nicolas, Open Roads in Macroeconomics (April 4, 2018). Available at SSRN: https://ssrn.com/abstract=3156711 or http://dx.doi.org/10.2139/ssrn.3156711

Nicolas Cachanosky (Contact Author)

The University of Texas at El Paso

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El Paso, TX 79968
United States

HOME PAGE: http://https://www.utep.edu/

American Institute for Economic Research

PO Box 1000
Great Barrington, MA 01230
United States

UCEMA Friedman-Hayek Center for the Study of a Free Society ( email )

Buenos Aires
Argentina

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