Predicting a crisis: a DSGE perspective

The last global recession raised concerns about the ability of macroeconomists to predict crises of such magnitude. Certainly, the forecasting is not the main focus of macroeconomics. I would say that, at least nowadays, it is of rather marginal interest to academic macroeconomists. A proof in this sense is provided by the very low number of publications related to macroeconomic forecasting.

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