Errata

Despite spending a long time proofreading and even having the book edited by others, there still are some errors and typos. This post will serve as a repository for these errors and will be updated as they are discovered (feel free to add errors you've found in comments).

Last update: 28 August 2017

Chapter: The critique

"For example, in a 2011 paper by Rochelle Edge and Refet Gurkaynak found that formally complex DSGE models are very poor at forecasting."

Extraneous "by" or "in" in the Kindle e-book. In the paperback edition, the "by" was deleted.

Chapter: SMDH

"One is that there could be many different equilibrium states for the overall economy: high unemployment and low unemployment, low inflation and high inflation, low unemployment and low inflation, et cetera."

The list switches from a list of variables to a variable combination in the last item. It's confusing. My preferred re-write is:

One is that there could be many different equilibrium states for the overall economy: high unemployment and low inflation, low unemployment and high inflation, low unemployment and low inflation, et cetera.

This is an example of a macroeconomy with four equilibria.

"... but these are locally unique -- small changes ... "

This should be an em dash.