Excellent curation. The terminlogy confusion point is crucial, when different camps use Lucas Critique differently the debate fractures. What I found valuable is seeing how econometrics vs macro framings diverge on whether counterfactual generalization is fundamentally impossible or just needs better inductive biases.
Excellent curation. The terminlogy confusion point is crucial, when different camps use Lucas Critique differently the debate fractures. What I found valuable is seeing how econometrics vs macro framings diverge on whether counterfactual generalization is fundamentally impossible or just needs better inductive biases.