Was it Larry Meyer or somebody else who said that the Chicago turn in graduate macroeconomics in the 1980s had made him rich–by destroying the inflow into the profession of people competent to compete with him in the private-sector microeconomic forecasting business? A nice piece from Matthew Yglesias this morning: Matthew Yglesias: Freshwater macroeconomics has … Continue reading Macroeconomic Forecasting and Macroeconomic Methodology: Thursday Focus