Episode Details
Back to Episodes
DSGE Models Debunked
Season 1
Episode 70
Published 8 years, 9 months ago
Description
Dynamic, stochastic general equilibrium (DSGE) models are used by monetary policy analysts the world over. But, in this edition of the Debunking Economists podcasts, Prof. Steve Keen suggests to Phil Dobbie that the model is neither dynamic nor general that fail to recognise shocks and crises like the financial crisis or the great depression.
Hosted on Acast. See acast.com/privacy for more information.