Discover and read the best of Twitter Threads about #macrogang
Most recents (1)
1/ My new working paper @BristolEcFin : What is the link between microfoundations and the Lucas Critique(LC) ? A historical appraisal. Thread.
2/ [Spoiler alert] Two rival interpretations about the link: (A) the two issues are related; (B) the two issues are unrelated. Both interpretations are born in the 1980s and still coexist today within the DSGE approach. This is why the debate about the LC is still open.
3/ [Disclaimer: Because the LC meant (means) different things to different people, it is hard to find an encompassing narrative-wording. Even more true on Twitter: This is an attempt]
