Types of macroeconomic models
-Simple theoretical models
-Empirical forecasting models
The Lucas critique of empirical forecasting models
-Dynamic stochastic general equilibrium models
DSGE versus CGE models
-Agent-based computational macroeconomic models
Strengths and weaknesses of DSGE and ACE models
-Simple theoretical models
-Empirical forecasting models
The Lucas critique of empirical forecasting models
-Dynamic stochastic general equilibrium models
DSGE versus CGE models
-Agent-based computational macroeconomic models
Strengths and weaknesses of DSGE and ACE models