Some Important Macro Points

29 Pages Posted: 19 Feb 2019

See all articles by Ray C. Fair

Ray C. Fair

Yale University - Cowles Foundation; Yale School of Management - International Center for Finance

Multiple version iconThere are 2 versions of this paper

Date Written: February 15, 2019

Abstract

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

Fair, Ray C., Some Important Macro Points (February 15, 2019). Cowles Foundation Discussion Paper No. 2165. Available at SSRN: https://ssrn.com/abstract=3335206 or http://dx.doi.org/10.2139/ssrn.3335206

Ray C. Fair (Contact Author)

Yale University - Cowles Foundation ( email )

Box 208281
New Haven, CT 06520-8281
United States
203-432-3715 (Phone)
203-432-6167 (Fax)

HOME PAGE: http://fairmodel.econ.yale.edu

Yale School of Management - International Center for Finance ( email )

Box 208200
New Haven, CT 06520
United States
203-432-3715 (Phone)
203-432-6167 (Fax)

HOME PAGE: http://fairmodel.econ.yale.edu

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