tag:blogger.com,1999:blog-3621026.post3436682908697914205..comments2024-03-28T10:25:22.825+01:00Comments on Robert's Stochastic thoughts: Roberthttp://www.blogger.com/profile/14455788499385673507noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3621026.post-52783425001626481912012-02-11T04:10:07.748+01:002012-02-11T04:10:07.748+01:00Great post. It seems to me, too, that almost all u...Great post. It seems to me, too, that almost all useful work in macroeconomics talks directly about relationships between aggregates. You need some kind of story about the behavior underlying the aggregates, obviously, but formalizing it as optimization under constraints doesn't add any value, just as you say.<br /><br />What do you think of Robert Gordon's "1978-Era Macro" as an alternative?JW Masonhttps://www.blogger.com/profile/10664452827447313845noreply@blogger.comtag:blogger.com,1999:blog-3621026.post-15610861770992901992012-02-10T13:47:38.202+01:002012-02-10T13:47:38.202+01:00Can you sketch for us the basic model of a modern ...Can you sketch for us the basic model of a modern <a href="http://en.wikipedia.org/wiki/Neo-Keynesian_economics" rel="nofollow">neo-Keynesian</a> (while humming <a href="http://en.wikipedia.org/wiki/Modern_Major_General" rel="nofollow">Gilbert and Sullivan</a>)?marcelnoreply@blogger.com