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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.
Solution methods for macroeconomic models.
Analysis and evaluation of quantitative macroeconomic models.
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".
But the knowledge gained from these efforts was not incorporated into more generalised macroeconomic models.
Macroeconomic models, the distant descendants of Phillips's machine, belong mostly in central banks.
Mr. Erceg, 39, is a senior economist working on international macroeconomic models at the Federal Reserve Board in Washington.
This was especially true given the collapse of conventional empirical macroeconomic models.
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