Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?

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 i...

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Autor principal: Moreno Rivas, Álvaro
Formato: Digital
Lenguaje:spa
Publicado: UNIVERSIDAD ANTONIO NARIÑO 2019
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Acceso en línea:https://revistas.uan.edu.co/index.php/papeles/article/view/627
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author Moreno Rivas, Álvaro
author_facet Moreno Rivas, Álvaro
author_sort Moreno Rivas, Álvaro
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description 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.
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spelling revistas.uan.edu.co-article-6272021-11-08T01:41:21Z Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics? Moreno Rivas, Álvaro DSGE models undergraduate macroeconomics economic policy modern macroeconomics 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. UNIVERSIDAD ANTONIO NARIÑO 2019-02-07 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.uan.edu.co/index.php/papeles/article/view/627 10.54104/papeles.v10n19.627 Papeles; Vol. 10 No. 19 (2018) Papeles; Vol. 10 Núm. 19 (2018) Papeles; v. 10 n. 19 (2018) 2346-0911 0123-0670 10.54104/papeles.v10n19 spa https://revistas.uan.edu.co/index.php/papeles/article/view/627/537 https://creativecommons.org/licenses/by-nc-sa/4.0
spellingShingle DSGE models
undergraduate macroeconomics
economic policy
modern macroeconomics
Moreno Rivas, Álvaro
Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?
title Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?
title_full Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?
title_fullStr Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?
title_full_unstemmed Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?
title_short Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?
title_sort should the dynamic stochastic general equilibrium dsge model be taught to undergraduate students of economics
topic DSGE models
undergraduate macroeconomics
economic policy
modern macroeconomics
topic_facet DSGE models
undergraduate macroeconomics
economic policy
modern macroeconomics
url https://revistas.uan.edu.co/index.php/papeles/article/view/627
work_keys_str_mv AT morenorivasalvaro shouldthedynamicstochasticgeneralequilibriumdsgemodelbetaughttoundergraduatestudentsofeconomics
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