Some important macro points

Ray C Fair

Oxford Review of Economic Policy, 2020, vol. 36, issue 3, 556-578

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: structural macro models; DSGE models (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:oup:oxford:v:36:y:2020:i:3:p:556-578.

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