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"Has Macro Progressed?" Journal of Macroeconomics, 2012.

Paper: pdf file

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 works?


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.