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Why macroeconomics needs experimental evidence
Published Web Location
https://link.springer.com/article/10.1007/s42973-021-00090-yNo data is associated with this publication.
Abstract
This paper discusses how macroeconomics can and already has begun to make use of controlled experimental methods to address the assumptions and predictions of macroeconomic models as well as to evaluate the impacts of macroeconomic policy interventions. Specific issues addressed include rational expectations and alternatives, intertemporal optimization with an application to household consumption and savings decisions and the efficacy of various monetary policies.
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