Is There Empirical Support for the 'Modern' View of Macroeconomics?

This paper argues that the basic model of the 'modern' view of macroeconomics appears to be a poor approximation of the actual economy.

Year of publication:	2001-06-20
Authors:	Fair, Ray C.
Institutions:	School of Management, Yale University

Extent:	application/pdf
Series:	Yale School of Management Working Papers.
Type of publication:	Book / Working Paper
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; E10 - General Aggregative Models. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005586979