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Elsewhere

Summary:
Arindrajit Dube writes an obituary for Alan Krueger, in Slate. Maria Cristina Marcuzzo, at INET, highlights Krishna Bharadwaj's contributions to economics. Longtime commentator Emil Bakkum's web page, collecting a variety of resources, is here. An advocate of Modern Monetary Theory, Brian Romanchuk is apparently writing a book about models supposedly of Dynamic Stochastic General Equilibrium. Some recent posts include: Questions about time scales in DSGE models. Anticipations have a time scale and so does calendar time as it passes. A tutorial introduction to the limitations of linear models of business cycles. Basically, they either explode or decay, with possibly sinusoidal variation. Persistent cycles can only exist because of driving noise. A long summary of problems with DSGE. Some

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  • Arindrajit Dube writes an obituary for Alan Krueger, in Slate.
  • Maria Cristina Marcuzzo, at INET, highlights Krishna Bharadwaj's contributions to economics.
  • Longtime commentator Emil Bakkum's web page, collecting a variety of resources, is here.
  • An advocate of Modern Monetary Theory, Brian Romanchuk is apparently writing a book about models supposedly of Dynamic Stochastic General Equilibrium. Some recent posts include:
    • Questions about time scales in DSGE models. Anticipations have a time scale and so does calendar time as it passes.
    • A tutorial introduction to the limitations of linear models of business cycles. Basically, they either explode or decay, with possibly sinusoidal variation. Persistent cycles can only exist because of driving noise.
    • A long summary of problems with DSGE. Some of Romanchuk's objections, like that DSGE models are not put forth with standard mathematics, I find it hard to credit. On the other hand, I find it difficult to make sense of them too. (Romanchuk should probably read Athreya's book.)

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