Re: general models

To: pkt@xxxxxxxxxxxxxxxx
Subject: Re: general models
From: FAC_BROSSER@xxxxxxxxxxxxxxxx
Date: Wed, 06 Apr 1994 13:55:53 -0500 (EST)

Two comments for Bill Mitchell:
1)  I find it highly amusing that recently there have been some
vague rumblings out of the Real Business Cycle camp that
sometimes "technology shocks" might also include "policy shocks."
Hmmm, so much for policy impotence?
2)  Linearizing locally is OK as long as one stays local.  To
quote Jim Ramsey again from the recent EEA meetings, "regression
is local, projection (forecasting) is global."
Barkley Rosser
James Madison University

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Thread context:
- Richard Goodwin, RICHARD P.F. HOLT Wed 06 Apr 1994, 18:50 GMT
  - <Possible follow-up(s)>
  - Re: Richard Goodwin, Steve . Keen Mon 11 Apr 1994, 06:01 GMT
  - RE: Richard Goodwin, kurz Wed 20 Apr 1994, 07:23 GMT
- general models, ECWFM Wed 06 Apr 1994, 01:38 GMT
  - <Possible follow-up(s)>
  - Re: general models, FAC_BROSSER Wed 06 Apr 1994, 17:58 GMT
  - general models, Paul Davidson Wed 06 Apr 1994, 21:19 GMT
  - Re: general models, FAC_BROSSER Wed 06 Apr 1994, 21:40 GMT
  - Re: general models, ECWFM Thu 07 Apr 1994, 05:26 GMT
- single-payer health plan, Jim Devine Tue 05 Apr 1994, 10:14 GMT

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