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"Has Macro Progressed?"
Journal of Macroeconomics, 34 (2012), 2-10.
There have been a number of recent papers arguing that there has been
considerable convergence in macro research and to the good.
This paper considers the question whether what has been converged to is
good. Has progress been made in understanding how the macro economy
The estimated responses in the appendix to this paper are results from
the MCE model on this website. For use of the MCE model see
The MCE Model Workbook.