Macro Musings with David Beckworth cover image

03 - John Cochrane on Finance, the Fiscal Theory of the Price Level, and Blogging

Macro Musings with David Beckworth

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The Evolution of Microeconomics

John Cochran: Microeconomists are moving towards more applied empirical work. He says macro is still a lot of model DSGE type models less empirical. But the big picture is always, you know, so Galileo got famous by thinking about things rather than sitting in his office and inventing better telescopes. And that's what's happening in certainly micro.

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