Open Roads in Macroeconomics
31 Pages Posted: 21 Apr 2018 Last revised: 25 Oct 2018
Date Written: April 4, 2018
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: Suggested Citation