What's eating macro?

Peter McAdam ()

Journal of Macroeconomics, 2024, vol. 81, issue C

Abstract: The starting point for this article is a review of the book A Practical Guide to Macroeconomics by Jeremy Rudd. The book argues that macroeconomics, as practiced in academia and filtered through to policy institutions, has provided a highly imperfect guide for how policy works and should work in practice. This review assesses the arguments outlined in the book, discusses some issues absent from the book, and addresses more general themes that arise in the interface between academic and policy macro.

Keywords: Macroeconomics; Academia; Policy; Model evaluation; Narratives; Economic history; Literature; Econometrics (search for similar items in EconPapers)
JEL-codes: E20 E32 E52 E58 E65 N1 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jmacro:v:81:y:2024:i:c:s016407042400034x

DOI: 10.1016/j.jmacro.2024.103619

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