DSGE Models Debunked

Oct 31, 2017 · 53 min · Season 1 · Episode 70 · 38.7 MB

0:00-53:51

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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.

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