Must-Read: Jérémie Cohen-Setton: The Critique of Modern Macro: “[Did] the modern macroeconomic tools developed in the stable macroeconomic environment of the Great Moderation… …fail us when we entered the Great Recession?… Paul Krugman writes that ranting about the need for new models is not helpful…. Tony Yates writes that the 2000 Benhabib and Schmitt-Grohe’s paper … Continue reading Must-Read: Jérémie Cohen-Setton: The Critique of Modern Macro