Monday, October 10, 2016

Speaking of the S in DSGE what about the D ?

Dynamics modeled here ?

For real ?

Time in itself is not a causal variable like a  some variable that might impact
The  future course of the existing pattern of incomes or exploitation rates

Time is the working out of processes from
an initial set of more or less completely and accurately known  conditions

Uncertain paths are not   undetermined paths

Randomness is an as if assumption

One thinks of the two levels of determination
In Gods plan

Every hair on the head v the fate of souls