Wednesday, October 18, 2006
the three most feared words in economics:
We are gonna be taking an extra macro econometric course,this and next term, gonna be taught by Adrian Pagan, and he's gonna concentrate on the DSGE Model.
My classmate retorted, "the difficulty can be gauged by the name" , "Dynamic!", "Stochastic", "General Equilibrium!!" Models..
Oh and econometric research is currently out, cause serious research there is generally done by physicists, statisticians and mathematicians. I'll now be concentrating on macroeconometric, less dry and more interesting..and yes I'm back to the Phillip's curve..all hail the New Keynesians!!
We are gonna be taking an extra macro econometric course,this and next term, gonna be taught by Adrian Pagan, and he's gonna concentrate on the DSGE Model.
My classmate retorted, "the difficulty can be gauged by the name" , "Dynamic!", "Stochastic", "General Equilibrium!!" Models..
Oh and econometric research is currently out, cause serious research there is generally done by physicists, statisticians and mathematicians. I'll now be concentrating on macroeconometric, less dry and more interesting..and yes I'm back to the Phillip's curve..all hail the New Keynesians!!
# posted by qq @ 9:07 PM 
