sábado, 9 de abril de 2011

Summers y el Debate Macro

En el Blog Free exchange, del The Economist tomo esta nota interesante que hace referencia al debate actual sobre la Macroeconomía... se refiere a una opiniones de Larry Summers... What the economists knew . . .....For instance, he talked about all the research papers that he got sent while he was in Washington. He had a fairly clear categorisation for which ones were likely to be useful: read virtually all the ones that used the words leverage, liquidity, and deflation, he said, and virtually none that used the words optimising, choice-theoretic or neoclassical (presumably in the titles or abstracts). His broader point—reinforced by his mentions of the knowledge contained in the writings of Bagehot, Minsky, Kindleberger, and Eichengreen—was, I think, that while it would be wrong to say economics or economists had nothing useful to say about the crisis, much of what was the most useful was not necessarily the most recent, or even the most mainstream. Economists knew a great deal, he said, but they had also forgotten a great deal and been distracted by a lot..... Even more scathing, perhaps, was his comment that as a policymaker he had found essentially no use for the vast literature devoted to providing sound micro-foundations to macroeconomics....

2 comentarios:

Anónimo dijo...

Considero que es muy bueno para la ciencia económica que se evalúe qué tan bien se ajustan los modelos económicos a la realidad. Es una lástima que haya tenido que ocurrir una crisis como la de 2008 para que este debate se pusiera en la mesa. Ojalá, para el futuro se tengan presentes dichas conclusiones.

Sarait

Oliver dijo...

Creo que la discusión reciente es muy importante para fijar los objetivos de la "nueva regulación" sobre todo al momento de analizar la cisis, ya que se tendrá que recordar toda la evidencia teórica no microfundamentada al tomar medidas de control. Ya que como lo menciona Summers muchas cosas que se sabían en Teoría macroeconómica han sido desplazadas por cuestiones que hasta el momento no tienen aplicación práctica.