by Summary:
This lecture explains why neoclassical DSGE models are inherently incapable of modeling the macroeconomy, outlines my model of Minsky’s “Financial Instability Hypothesis, and shows how to build a basic model of a credit economy using QED. It concludes with a lengthy Q&A session where the questions are mainly in Spanish, since this lecture was given ...
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This lecture explains why neoclassical DSGE models are inherently incapable of modeling the macroeconomy, outlines my model of Minsky’s “Financial Instability Hypothesis, and shows how to build a basic model of a credit economy using QED. It concludes with a lengthy Q&A session where the questions are mainly in Spanish, since this lecture was given ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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