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I don't ascribe it to bad macroeconomic theory, for the most part.
A specialist in macroeconomic theory and policy, he still teaches as a visiting professor in the US.
The corporation's economic reporting has also reflected a narrow set of economic policies with even mainstream macroeconomic theory, let alone alternative or radical ideas, largely ignored.
(Vox) Don't rule out a double dip recession (Wall Street Journal) Modern macroeconomic theory and fiscal policy (Mark Thoma) What is going on in Turkey?
Sargent was the author of numerous books and textbooks, including Dynamic Macroeconomic Theory (1987), the anthology Rational Expectations and Inflation, 2nd ed.
Friedman and other monetarists advocate a macroeconomic theory and policy that diverge significantly from those of the formerly dominant Keynesian school.
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He quotes liberally from Keynes, which is always fun, while pointing out that Hayek's macroeconomic theories were dismissed by, amongst others, Milton Friedman.
He studies macroeconomic theories and computational economics.
Macroeconomic theories of growth and wealth distribution have an outsized influence on national and international social and economic policies.
Perhaps not as obviously, many macroeconomic theories, the validity of which carry huge practical, political, and social ramifications, also rely on indirect detection for validation.
The 2008 financial crisis and subsequent recession highlighted limitations of existing macroeconomic theories, models, and econometrics.
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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.
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