Sentences with phrase «do macroeconomic models»

Here are some simple tests: How well do macroeconomic models forecast, particularly at turning points?

Not exact matches

Klitgaard and Weir note that macroeconomic models — which often are based on interest rates, prices, and GDP — can help explain exchange rate changes over long horizons, but do a poor job of tracking daily, weekly, or monthly changes.

In this case, if your models of macroeconomics can't accommodate the boom / bust cycle, you don't deserve to be an economist.

One weakness of many macroeconomic models is that they don't take account of the long - term resilience of economies, but focus on short - term losses, as if that were all that goes on.

pdf) Dirk J Bezemer of Groningen University takes a scholarly look at which macroeconomic models helped anticipate the credit crisis and economic recession and which did not.