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Economic theories / New Keynesian economics / Dynamic stochastic general equilibrium / Macroeconomic model / General equilibrium theory / Representative agent / Lucas critique / Economic model / Business cycle / Macroeconomics / Economics / New classical macroeconomics


Back to the drawing board for macroeconomics Paul Ormerod1 and Dirk Helbing2 1. Introduction and Background In November 2010, European Central Bank (ECB) the then Governor, Jean-Claude Trichet, opened the ECBs flagship a
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Document Date: 2013-02-18 11:32:32

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City

London / /

Company

Lehman Brothers / Freddie Mac / Fannie Mae / AIG / Volterra Partners LLP / /

Continent

America / /

Country

Germany / United States / Italy / United Kingdom / /

Currency

USD / /

/

Event

Man-Made Disaster / /

Facility

University of Durham pormerod@volterra.co.uk / /

IndustryTerm

retail banks / eliminated investment banks / conventional tools / universal law / oil shock crisis / bank / dynamic systems / giant insurance / socio-economic systems / numerical solution / /

Organization

American Economic Association / International Monetary Fund / MIT / US Federal Reserve / European Central Bank / University of Durham / /

Person

Jean-Claude Trichet / Bernanke / Laurie et.al / Olivier Blanchard / Arthur et.al / /

Position

Chief Economist / Governor / Farmer / representative / General / corresponding author Chair / /

PublishedMedium

the Journal of Economic Dynamics and Control / /

Technology

production technologies / Simulation / /

SocialTag