The use of models by policymakers

Cohen-Setton, Jeremie, (2016), “The use of models by policymakers”, Bruegel, 11 Ιανουαρίου

What’s at stake: The latest discussions on the blogosphere have been dominated by a back and forth trialogue between Larry Summers, Paul Krugman and Brad DeLong on the appropriate use of models as policy guides. While they all agree that the Fed’s decision to raise rates was a mistake, they disagree on the intellectual reasons behind it.

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• S. Gürkaynak, Refet, Davig, Troy (2015), “Perils of central banks as policymakers of last resort”, Voxeu, 25 Nοεμβρίου
• Ekkehard Ernst (2014) “Backing the wrong horse, The solution to ease mass unemployment is at hand, but policymakers across Europe are too blind to see it“, The European Magazine, 02 Σεπτεμβρίου.