Reading Noah Smith's post of a conversation with a finance industry insider, I realized there's another good way to see if you are dealing with a framework or not. In Noah's post there are references to Heath-Jarrow-Morton and Cox-Ingersoll-Ross. In other venues we have Diamond-Dybvig, Woodford-Eggertsson, Solow-Swan, Schmitt-Grohe and Uribe, Ramsey-Cass-Koopmans, etc.
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Is economics just a collection of names?
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Reading Noah Smith's post of a conversation with a finance industry insider, I realized there's another good way to see if you are dealing with a framework or not. In Noah's post there are references to Heath-Jarrow-Morton and Cox-Ingersoll-Ross. In other venues we have Diamond-Dybvig, Woodford-Eggertsson, Solow-Swan, Schmitt-Grohe and Uribe, Ramsey-Cass-Koopmans, etc.