by
Domenico Delli Gatti, Saul Desiderio, Edoardo Gaffeo
Language: English
Release Date: April 18, 2011
This book arose from our conviction that the NNS-DSGE approach to the analysis of aggregate market outcomes is fundamentally flawed. The practice of overcoming the SMD result by recurring to a fictitious RA leads to insurmountable methodological problems and lies at the root of DSGE models’ failure...