全球智库信息集成服务系统(G2TT): The Heterogeneous State of Modern Macroeconomics: A Reply to Solow

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来源类型	Working Paper
规范类型	报告
DOI	10.3386/w13655
来源ID	Working Paper 13655
	The Heterogeneous State of Modern Macroeconomics: A Reply to Solow
	V. V. Chari; Patrick J. Kehoe
发表日期	2007-11-29
出版年	2007
语种	英语
摘要	Robert Solow has criticized our 2006 Journal of Economic Perspectives essay describing "Modern Macroeconomics in Practice." Solow eloquently voices the commonly heard complaint that too much macroeconomic work today starts with a model with a single type of agent. We argue that modern macroeconomics may not end too far from where Solow prefers. He is also critical of how modern macroeconomists use data to construct models. Specifically, he seems to think that calibration is the only way that our models encounter data. To the contrary, we argue that modern macroeconomics uses a wide variety of empirical methods and that this big-tent approach has served macroeconomics well. Solow also questions our claim that modern macroeconomics is firmly grounded in economic theory. We disagree and explain why.
主题	Macroeconomics ; Macroeconomic Models ; Consumption and Investment ; Business Cycles ; Money and Interest Rates ; Monetary Policy ; Fiscal Policy
URL	https://www.nber.org/papers/w13655
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/571338
推荐引用方式 GB/T 7714	V. V. Chari,Patrick J. Kehoe. The Heterogeneous State of Modern Macroeconomics: A Reply to Solow. 2007.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w13655.pdf（57KB）	智库出版物		限制开放	CC BY-NC-SA	浏览