Some Important Macro Points
29 Pages Posted: 19 Feb 2019
Date Written: February 15, 2019
This paper lists 19 points that follow from results I have obtained using a structural macroeconomic model (SEM). Such models are more closely tied to the aggregate data than are DSGE models, and I argue that DSGE models and similar models should have properties that are consistent with these points. The aim is to try to bring macro back to its empirical roots.
Keywords: Macro models, Macro properties
JEL Classification: E1, E2, E3
Suggested Citation: Suggested Citation