This defense of DSGE basically boils down to "If you don't do DSGE, you're not qualified to judge its value. Now shut up and continue to mail us checks": http://faculty.wcas.northwestern.edu/~lchrist/research/JEP_2017/DSGE_final.pdf …
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i'm not even an economist but like, are the authors aware there are formal macro models that aren't dsge? the phrase "large-scale" appears nowhere in the paper
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they talk about how the fed uses DSGEs. the talk says the most-used model at the fed is FRB/US, and mentions only in a footnote that the fed also uses DSGEs
End of conversation
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