Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/50613
Authors: 
Chadha, Jagjit S.
Year of Publication: 
2010
Series/Report no.: 
School of Economics discussion papers 10,12
Abstract: 
I outline a simple roadmap for work in micro-founded models. Rather than abandoning the route to further micro-foundations and returning to ad hoc economics, the techniques we have used over the past two decades to develop micro-founded business cycle models will allow us to develop models with meaningful financial frictions and thus address once again the question of monetary and fiscal policies with active rather then passive financial sectors. Macroeconomics and finance are likely to remain bound together.
Subjects: 
future of macroeconomics
DSGE models
crisis
JEL: 
E42
E52
E58
Document Type: 
Working Paper

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