Tagged: EU economics

WSJ suggests abandoning economic models - The Dismal Science

James Zuccollo Jan 08, 2013

Simon Nixon has a provocative article in the WSJ where he argues that the current generation of New Keynesian models are useless because of their poor forecast performance. He proposes looking solely at the rate of debt reduction when forecasting economic performance: [The] dismal science’s [forecasting] record suggests is that there is something profoundly wrong [...] … Read More