2min chapter

Planet Money cover image

The quest to save macroeconomics from itself

Planet Money

CHAPTER

The Importance of Data in Macroeconomics

The modern macroeconomic era only started in 1980 or 1950. If you're going to try to think about questions like recessions, often we only have a few major episodes to think about. So thankfully, events like the Great Depression or the financial crisis don't happen often. But that does mean that we're in a situation of trying to extrapolate from relatively small numbers of events.

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