I just read Mark Thoma's The Fiscal Times piece that he referred to as In Search of Better Macroeconomic Models at his own link. It seemed like every other line I was inserting a mental "which you can solve with information equilibrium" ... so in this post I'm going to excerpt with commentary. Let's begin.
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Mark Thoma, information equilibrium is the…
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I just read Mark Thoma's The Fiscal Times piece that he referred to as In Search of Better Macroeconomic Models at his own link. It seemed like every other line I was inserting a mental "which you can solve with information equilibrium" ... so in this post I'm going to excerpt with commentary. Let's begin.