Levin, Andrew T.; David López-Salido, J.; Nelson, Edward; … - In: Journal of Monetary Economics 55 (2008) Supplement 1, pp. 48-48
Macroeconometric equivalence means that estimates of DSGE models using first-order approximations to equilibrium conditions fail to distinguish between alternative preference/technology configurations. Microeconomic dissonance means that the underlying microeconomic differences between...