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The experience of monetary policy making in an uncertain environment has encouraged increased attention to the concept of model uncertainty, that is, uncertainty as to which is the best model. A particular difficulty has been the need to operationalise the concept in order to yield definitive...
Persistent link: https://www.econbiz.de/10005418886
There is evidence of growing plurality in economic theory, alongside an increasing degree of homogenisation at the level of methodology. The purpose of this paper is to explore these developments in the light of the methodological literature on pluralism, regarding meaning of plurality, and the...
Persistent link: https://www.econbiz.de/10005770739
An occasion such as this first ICAPE conference reflects an increasing coherence, and openness to communication, among the different strands of economics. The purpose of this paper is to address the questions this raises as to whether or not there is still a useful role for the concept of...
Persistent link: https://www.econbiz.de/10005642087