Williams, John C.; Orphanides, Athanasios - Society for Computational Economics - SCE - 2004
San Francisco.
1 Introduction
The “New Economics” of the 1960s prescribed activist policies aimed at achieving and main …
methodological advances in macroeconomic modeling, econometrics, and optimal control.
1
The zeitgeist of the “New Economics” is … conceptual breakthroughs in economics
in recent years, we have, more effectively than ever before, harnessed the ex-
isting …