Economics and Reality by H. Uhlig

6 aprilie 2012 • Articles, Recomandari

Paper of the Week 12

Economics and Reality by H. Uhlig is an interesting take by a promising economist on the current state of the relationship between economics and reality. Despite being a non-technical paper is a very insightful one with a philosophical flavor. On top of touching the influence of empirical evidence on the economic thinking deals specifically with four cases such as: the existence of a Phillips curve, the stickiness of prices, the link between a contractionary monetary policy and a contraction in output, the causes of a business cycle.” Lucian Isar

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