PAUL JOHNSON
  • HOME
  • BLOG
  • Kiviq Software Instructions
  • Kaivik Software Instructions
  • Kaivik Manuscript and instructions
  • Original Vernon Smith Double Auction Experiment Paper
  • Experimental Economics Labs
  • Economic Education Resources

Only Paul Could Go To Changchun

Acknowledging and pricing macroeconomic uncertainties

8/21/2019

 
Here.

​
False pretences of knowledge about complicated economic situations have become all too common in public policy debates. This column argues that policymakers should take into account what they don’t know in their decision making. It describes a tractable approach for acknowledging, characterising, and responding to different forms of uncertainty, by using theories and statistical methods available at any particular moment.


From:

Lars Peter Hansen
Thomas Sargent


Comments are closed.
Proudly powered by Weebly