On the low degree of entropy implied by the solutions of modern macroeconomic models

HIGHLIGHTS

• who: Ragnar Nymoen from the Department of Economics, University of Oslo, Blindern, POBox, Oslo, Norway have published the research: On the Low Degree of Entropy Implied by the Solutions of Modern Macroeconomic Models, in the Journal: Entropy 2022, 24, 1728. of /2022/
• what: In this note, the authors show for simple models that the root of the violation has to do with the implementation of model consistent rational expectations in DSGE models, for all or some of the economic agents.
• future: As noted by_[5] who writes from the perspective of neuroscience these . . .
  

   

  

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