So anyways I'm hoping to pick this up again to keep me humble. The problem is that sometimes I go overboard and a simple blog post becomes a book, which is way too cumbersome and demanding on my part. I'll keep it short and sweet from now on.
Just so that I don't keep it that short, I might as well say something about something. So, here goes.
The guy who has influenced my thinking more than anybody else within the past couple of years would definitely be Chris Sims. The sad part is that I didn't know him at all before he won his Nobel. He's more of a monetary macroeconomist, which is nowhere near where I am (his empirical methods much closer). Still, after checking into his work I picked up a couple gems regarding economics, science, methodology, and so on.
Here's him at a conference:
"At central bank conferences I often play the role of DSGE iconoclast...however, in this conference criticizing DSGEs is a cheap audience pleaser. Not an iconoclasm. And, my instincts are iconoclastic, so what I'm going to do now is defend DSGEs."
Have to like this guy. Anyways, I'll make sure to comment on some points he brings up here, as well as my general opinions regarding modelling and empirical evidence. In the meantime, homework.
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