Why macroeconomics needs experimental evidence

John Duffy

doi:10.1007/s42973-021-00090-y

Why macroeconomics needs experimental evidence

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John Duffy

書誌事項

公開日: 2021-08-23

権利情報

https://creativecommons.org/licenses/by/4.0
https://creativecommons.org/licenses/by/4.0

DOI

10.1007/s42973-021-00090-y

公開者: Springer Science and Business Media LLC

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説明

<jats:title>Abstract</jats:title><jats:p>This paper discusses how macroeconomics can and already has begun to make use of controlled experimental methods to address the assumptions and predictions of macroeconomic models as well as to evaluate the impacts of macroeconomic policy interventions. Specific issues addressed include rational expectations and alternatives, intertemporal optimization with an application to household consumption and savings decisions and the efficacy of various monetary policies.</jats:p>