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Comments on: Arnold Kling: Economics>Macro http://www.tvhe.co.nz/2009/02/12/arnold-kling-economicsmacro/ The Visible Hand in Economics Thu, 12 Feb 2009 20:34:40 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2009/02/12/arnold-kling-economicsmacro/#comment-13813 Thu, 12 Feb 2009 20:34:40 +0000 http://www.tvhe.co.nz/?p=2863#comment-13813 “DSGE stochastic calculus porn doesn’t count as gen eq theory for you either?”

No – but it is pretty damned sexy 🙂 . I like DSGE models – but I wouldn’t put heaps of weight on the raw forecasts they produce is all …

“We’re hiring in macro and so have been seeing LOTS of candidates…neat how many of them are turning away from RE to adaptive/learning models”

I remember at Vic lecturers enjoyed the RE method – but they were always quick to recognise that there is a role for adaptive expectations. Calibrating models to fit for that is a big pain though 😛

]]> By: Eric Crampton http://www.tvhe.co.nz/2009/02/12/arnold-kling-economicsmacro/#comment-13811 Thu, 12 Feb 2009 20:31:24 +0000 http://www.tvhe.co.nz/?p=2863#comment-13811 DSGE stochastic calculus porn doesn’t count as gen eq theory for you either? :>

We’re hiring in macro and so have been seeing LOTS of candidates…neat how many of them are turning away from RE to adaptive/learning models.

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