Christopher Sims - How empirical evidence does or does not influence economic thinking

The Inaugural Conference @ King's, Institute for New Economic Thinking, Session 5.
How empirical evidence does or does not influence economic thinking and theory: calibration, statistical inference, and structural change.

[@stephanesurprenant60]

Christopher Sims' talk was published here 8 years ago, in the middle of a slow recovery from a very bad recession. Economics was getting criticized heavily in the media and even many economists spoke out against some of the models we use at the time.
I am quite confident we can conjure up a video of radical criticism of DSGE models with hundreds of thousands of views and hundreds of comments in matters of seconds. Sims makes a sound, nuanced point that is worth hearing about and does so in a way that is rather accessible to non economists. It's not spectacular and it's just a confence, so the video gets 10K views and 4 comments...

[@ilhanmunsiz]

this was one of the most interesting speeches about DSGE models

[@emmanuelameyaw9735]

when you use dsge, people criticize you...when you use reduced form models, people criticize you. What to use? Use both or none...maybe.

[@antoineen]

Intresting, hes in my school right now! Lol amazing :P

[@RajatSingh-cv3cr]

In which school u r

[@eruseron]

Malkovich got the oscar? I mean the Nobel?

[@benjamintreitz1647]

indeed he did.

[@monirahmed05]

He got Nobel in 2011.....

[@gmshadowtraders]

So he is both for and against DSGE models, got it.