CFDP 2165R

Some Important Macro Points


Publication Date: February 2019

Revision Date: July 2019

Pages: 39


This paper lists 19 points that follow from results I have obtained using a structural macroeconomic model (SEM). Such models are more closely tied to the aggregate data than are DSGE models, and I argue that DSGE models and similar models should have properties that are consistent with these points. The aim is to try to bring macro back to its empirical roots.

Keywords: Macro models, Macro properties

JEL Classification Codes: E1, E2, E3

See CFDP Version(s): CFDP 2165

See CFP: CFP 1782

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