Ed Prescott, famous for purging econometricians from his department, calls the Minnesota Fed purge "crazy":http://blogs.wsj.com/economics/2013/11/26/nobel-winning-economist-calls-minneapolis-fed-shakeup-crazy/ …
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Replying to @Noahpinion
Beyond hypocrisy, what was crazy was any part of Fed system subsidizing this nonsense. I know you like 'em
@Noahpinion but DSGEs are harmful2 replies 2 retweets 2 likes -
Replying to @AdamPosen
@AdamPosen@Noahpinion the freshw's provided methodological externalities, despite their controversial stance on substance.1 reply 1 retweet 1 like -
Replying to @t0nyyates
Those methodologies were without merit and caused real harm
@t0nyyates@Noahpinion Calibration and microfoundations are pernicious nonsense2 replies 1 retweet 1 like -
Replying to @AdamPosen
@AdamPosen@Noahpinion mfs grew from careful analysis of the failures of the alternative. how do you substantiate ur assertion 'w/o merit'?5 replies 0 retweets 0 likes -
Replying to @t0nyyates
@AdamPosen@Noahpinion the romer work on endogenous growth... i'll spare u 500 more examples i could give spanning econ, pol and finance3 replies 0 retweets 0 likes
I'm not playing and microfdn examples don't impress @t0nyyates @Noahpinion These article examples all just come down to one line ideas (1/3)
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