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A small-scale macroeconomic model simulated inflation and unemployment.
And indeed, the Fed's own macroeconomic model, FRB/US, makes the same assumption.
(The Fed's macroeconomic model of the U.S. economy can be used to gauge the impact of tax cuts).
Bruce Kasman at J.P. Morgan Chase has analysed the Fed's macroeconomic model of the American economy, derived from past behaviour.
I haven't specified the underlying macroeconomic model, but it seems safe to say that we'd be looking at a depressed real economy and deflationary pressures.
But one of Keynes's adherents, Roy Harrod, emphasized the importance of time in his simple macroeconomic model of a growing economy.
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New classicals replaced monetarists as the primary opponents to Keynesianism and changed the primary debate in macroeconomics from whether to look at short-run fluctuations to whether macroeconomic models should be grounded in microeconomic theories.
We've been mired in debates over macroeconomic models recently.
Klein was one of the pioneers in building macroeconomic models.
The performance of the economic machine can be predicted with quantitative macroeconomic models.
(As one Briefing has it, "In many macroeconomic models, therefore, insolvencies cannot occur".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com