vol. 10 núm. 19 (2018)
Browse
Browsing vol. 10 núm. 19 (2018) by Subject "economic policy"
Now showing 1 - 1 of 1
Results Per Page
Sort Options
- Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?
Institución: Universidad Antonio Nariño
Revista: PAPELES
Autores: Moreno Rivas, Álvaro
Fecha de publicación en la Revista: 2019-02-07
Fecha de cosecha en Ciencia Nacional: 2024-04-29
In this article we present the consequences of introducing the advanced teaching of the DSGE (Dynamic Stochastic General Equilibrium) models to undergraduate economics programs. This monoculture leads to the deepening of the discipline insularity, to the disappearance of the paradigmatic plurality inside the economics departments and to the silencing of critical voices. This process obeys Gresham’s Law of ideas: bad models displace good ideas.