Buiter, good macro critic?
2009-03-03 · Original WordPress address
Google scholar and a minimal knowledge of the DSGE literature allows one to refute Buiter's claims in less than 10 minutes. Someone should really give him a quick lesson on Google scholar.
No complete markets? Nope (first page of "dsge incomplete markets").
No asset bubbles? Negative. (third result from this search: "dsge asset bubbles")
Only linearization? Not really. (first result of this search "dsge nonlinear solution techniques")
Can we have better macro critics please? Like this one or this one, I mean.