Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Even the neoclassicals realise that the real business cycle hypothesis (and I use the term loosely) is drivel.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Nov 3rd, 2011 at 04:44:27 AM EST
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There are a lot of people out there who are still trying to get DGSE models to work, or even make sense. I wish them luck. They'll need it.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Thu Nov 3rd, 2011 at 09:12:05 AM EST
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DSGE is the only econometric model for which US Government backed research grants are available. So the efforts are likely to continue until/unless the policy changes.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Nov 3rd, 2011 at 01:27:43 PM EST
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