| http://www.w3.org/ns/prov#value | - Since we can measure price shocks directly, whats the value added in including the Phillips Curve anymore other than to say your model has structure?ReplyDeleteRyanAugust 4, 2014 at 4:03 PMModeling financial markets as a friction is absolutely hilarious and also pretty sad.ReplyDeleteBlue AuroraAugust 6, 2014 at 5:35 AMThis is a very good post, Daniel Kuehn...one more thing I would like to add:
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