Attention Economy


Wednesday, May 22, 2019

Macroeconomic Debates - We Live in Interesting Times

Economics Reinvents Itself Every Few Decades. It's Happening Now

Has Austerity Been Vindicated?

A World of Interconnected Economic Problems

The Problem of Over-Optimistic Economic Forecasts

Recessions Are Getting Tougher to Predict

Do Longer Expansions Lead to More Severe Recessions?

Noah Smith highlights the underlying challenges faced by Macroeconomists:
“Economies are so complex that there is no such thing as a perfect macroeconomic theory. They all make simplifications, and they all have limits beyond which the theories stop applying.”