In this presentation Justin Wolfers discusses how some main pillars of modern macro theory namely rational expectations ans DSGE models are being challenged by academic economists. He explains how the trend is now towards empirics, falsification and cross-fertilization with psychology and sociology.
New Directions in Research and Policy
Submitted by Staff on June 14, 2016
|Date: June 4, 2016|
|Author(s): Justin Wolfers|
|Affiliation: University of Michigan|