Data from S. Kozicki et al Provide New Insights into Macroeconomics
2012 MAY 11 - (VerticalNews.com) -- According to the authors of recent research published in the Journal of Macroeconomics, "Recent articles claiming convergence in macroeconomics take a narrow view of macro focused on the use of New Keynesian dynamic stochastic general equilibrium models."
"With this narrow view of the state of the art in macro, Fair (2011) questions whether macro has progressed. However, when taking a broader view, many important contributions in macro are evident," wrote S. Kozicki and colleagues.
The researchers concluded: "Encouraging and appreciating diversity in research, including the development and use of a variety of models and methodologies should enhance the pace of progression."
Kozicki and colleagues published their study in the Journal of Macroeconomics (Macro has progressed. Journal of Macroeconomics, 2012;34(1):23-28).
For additional information, contact S. Kozicki, Bank Canada, Canadian Econ Anal Department, Ottawa, ON K1A 0G9, Canada.
The publisher's contact information for the Journal of Macroeconomics is: Louisiana State Univ Pr, Baton Rouge, La 70893 Usa.
Keywords: City:Ottawa, State:Ontario, Country:Canada, Region:North and Central America
This article was prepared by VerticalNews Economics editors from staff and other reports. Copyright 2012, VerticalNews Economics via VerticalNews.com.