Macro has progressed

Sharon Kozicki

Journal of Macroeconomics, 2012, vol. 34, issue 1, 23-28

Abstract: Recent articles claiming convergence in macroeconomics take a narrow view of macro focused on the use of New Keynesian dynamic stochastic general equilibrium models. With this narrow view of the state of the art in macro, Fair (2011) questions whether macro has progressed. However, when taking a broader view, many important contributions in macro are evident. Encouraging and appreciating diversity in research, including the development and use of a variety of models and methodologies should enhance the pace of progression.

Keywords: New Keynesian; DSGE; Learning; Crises; Real-financial linkages; Macroeconometric forecasting models (search for similar items in EconPapers)
JEL-codes: B4 C53 E (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jmacro:v:34:y:2012:i:1:p:23-28

DOI: 10.1016/j.jmacro.2011.07.005

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