Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome

The recent financial crisis has damaged the reputation of macroeconomics, largely for its inability to predict the impending financial and economic crisis. To be honest, this inability to predict does not concern me much. It is almost tautological that severe crises are essentially unpredictable, fo...

Full description

Bibliographic Details
Main Author: Caballero, Ricardo J. (Contributor)
Other Authors: Massachusetts Institute of Technology. Department of Economics (Contributor)
Format: Article
Language:English
Published: American Economic Association, 2011-06-27T15:04:54Z.
Subjects:
Online Access:Get fulltext