Duarte, Pedro Garcia; Lima, Gilberto Tadeu - Departamento de Economia, Faculdade de Economia, … - 2011
Mainstream macroeconomists agree that we live in the age of microfoundations. The recent worldwide financial crisis may have emboldened critics of this microfoundational orthodoxy, but it remains the dominant view that macroeconomic models must go beyond supply and demand functions to the level...