Tuesday, April 27, 2021

More Than One Long Run Equilibrium

From time to time, I visited one of the Top 100 Blogs of Economics. Come across Prof. Wren-Lewis's 'Mainly Macro' blog. He blogs almost everyday. The blog is for both economists and non-economists.

Excerpt:

"...I hope this issue of OXREP, together with the earlier companion volume, will do two things. First to help give ideas to younger academics about going beyond models with a single equilibrium. Second to help economists in policy institutions to see that there are other ways of doing things beyond microfoundations, and that many of the stories they were told about why policy models have to be microfounded are not as true as perhaps they once thought."

https://mainlymacro.blogspot.com

Source: Prof. Simon Wren-Lewis, 2021

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