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Comments on: Lucas critique and DSGE models http://www.tvhe.co.nz/2013/07/31/lucas-critique-and-dsge-models/ The Visible Hand in Economics Wed, 28 Aug 2013 03:15:14 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: TVHE | Economics and science – careful with the prediction call http://www.tvhe.co.nz/2013/07/31/lucas-critique-and-dsge-models/#comment-42006 Wed, 28 Aug 2013 03:15:14 +0000 http://www.tvhe.co.nz/?p=9202#comment-42006 […] is better – but the fact that multiple explanations can be found for each phenomenon in some subsets of economics, and can’t be separated due to the paucity of available information, makes this […]

]]> By: LVR’s are coming: Let’s think about the causes underlying this | TVHE http://www.tvhe.co.nz/2013/07/31/lucas-critique-and-dsge-models/#comment-41850 Tue, 13 Aug 2013 07:00:16 +0000 http://www.tvhe.co.nz/?p=9202#comment-41850 […] fundamental (a “primitive” of the economy).  We touched on this idea when discussing the Lucas Critique of DSGE models here.  And we touched on it when discussing the related idea of monetary […]

]]> By: Isn’t Economic History grand | TVHE http://www.tvhe.co.nz/2013/07/31/lucas-critique-and-dsge-models/#comment-41790 Thu, 08 Aug 2013 20:01:24 +0000 http://www.tvhe.co.nz/?p=9202#comment-41790 […] it, rely on a series of firm a priori assumptions).  Tis a broader version of this Lucas Critique criticism of DSGE models, but to ALL macroeconomic models whether “mainstream” or […]

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