Written with Aurélien Saïdi (draft version with more footnotes and full references here) The 2018 Sveriges Riksbank Prize in Economic … More
Tag: macroeconomics
Heterogeneous agents macroeconomics has a long history, and it raises many questions
A cornerstone of thoughtful and lazy criticisms of mainstream macroeconomics alike is the idea that macroeconomists have spent 40 years … More
Working on 1960s macroeconometrics : there’s an echo on the line
Three years ago, a group of historians of economics embarked on a reexamination of the relationships between theoretical and empirical … More
The making and dissemination of Milton Friedman’s 1967 AEA Presidential Address
Joint with Aurélien Goutsmedt In a few weeks, the famous presidential address in which Milton Friedman is remembered to have … More
Speculations on the stabilization and dissemination of the “DSGE” trade name (in progress)
Some research I’ve done for the history of macroeconometric modeling conference that will be held in Utrecht next week led … More
The ordinary business of macroeconometric modeling: working on the MIT-Fed-Penn model (1964-1974)
Against monetarism? In the early days of 1964, George Leland Bach, former dean of the Carnegie Business School and consultant … More
How not to screw up your economic expertise: lessons from the Kennedy tax cut grandmaster, Walter Heller
What is the “crisis in economic expertise” about? Trump’s decision to demote whoever might be nominated chairman of the … More
The problem with “economists-failed-to-predict-the-2008-crisis” macrodeath articles
This week has delivered one more interesting batch of economics soul-searching posts. On Monday, the Bloomberg View editorial board has outlined … More
A History of the JEL Codes : the Making of the “Microeconomics” and “Macroeconomics” Categories [Part 3]
During the 1930s, members of the Econometric Society such as Tinbergen or Fleming, increasingly came to use a slightly transformed version … More
Macrowars, economists’ narratives, and my dreamed history of macro
Crossposted from the INET Playground Economists’ macro stories The last straw in the enduring blog debate over microfoundations has taken … More
The Undercover Historian 