volume 36, issue 3, P498-509 2020
DOI: 10.1093/oxrep/graa013
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Simon Wren-Lewis

Abstract: Abstract This paper expands on a list of different types of macroeconomic model proposed by Olivier Blanchard. The paper distinguishes between models that range between simple and complex, and between models that range in their focus between data consistency and theoretical consistency. While model users in the private sector and the public sector use a range of different types of model, academics confine themselves largely to models that are internally consistent in terms of their theory. The p…

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