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view, economic theory may be useful not only by providing predictions, but also by pointing out weaknesses of arguments. It … is argued that, when a theory requires a non-trivial act of interpretation, it's roles in producing predictions and …
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view, economic theory may be useful not only by providing predictions, but also by pointing out weaknesses of arguments. It … is argued that, when a theory requires a non-trivial act of interpretation, its roles in producing predictions and …
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We critically review the state of the art in macro stress testing, assessing its strengths and weaknesses. We argue that, given current technology, macro stress tests are ill-suited as early warning devices, ie as tools for identifying vulnerabilities during seemingly tranquil times and for...
Persistent link: https://www.econbiz.de/10013066619
Kritik ungemein scharfsinnig, kenntnisreich und treffsicher. Souverän gibt er eigene Denkfehler zu und präzisiert und …
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