All posts from: April 2018

What is macroeconomic modelling? And why do we do it?

What is macroeconomic modelling? Why do we use macro economic models?

Hector Pollitt, explores: what is macroeconomic modelling? And why do we do it?

I am not a fan of economic models because they have all proven wrong.David Davis MP, Secretary of State for Exiting the EU, December 2017.

Is this the case? Is it reasonable to take this view?…