Category Archives

Category : Macro economics

Macro economics

Macro-economic modelling and its uses

An International Macro Symposium conference this week hosted by the ESRC and the Oxford Martin School has brought home to me how little things have changed in some quarters.  There is still a belief that with some tweaks the old modelling frameworks can capture the elements that were missing before the crisis, and a deeply…

Post-Crisis Economics

A conference last week brought together a variety of economists from academia and policy to discuss what changes the discipline should produce post the financial crisis and what changes should be made to degree studies. There was probably a consensus that micro economics had made more progress than macro in recent years and that students…

Making Climate Change win-win

This is the theme of the conference of the European Climate Forum this year.Listening to the speeches I am struck by the parallels in analysis between thinking about the impact of climate change and that of infrastructure. First, we have the scientists. Climate modellers talked about the difficulty of building models that properly incorporated short…