Discussion Section with Kevin Murphy, featuring Lars Peter Hansen: Macroeconomic Models Part 2

Discussion Section with Kevin Murphy, featuring Lars Peter Hansen: Macroeconomic Models Part 2

Persistence in the macro economy takes time to understand and can change often. With his work focusing on the broader notion of uncertainty, Lars Peter Hansen describes the importance of understanding where in the macroeconomic model learning is easy and where it is hard. He also talks about asset pricing models and the link between behavioral finance and his research.