The Chicken Paper Conundrum

Harald Uhlig delivered a talk on "Money and Banking: Some DSGE Challenges" (video here, slides here) at the Nobel Symposium on Money and Banking recently held in Stockholm. He introduces the "Chicken Paper Conundrum," which he attributes to Ed Prescott.

 I've definitely read academic papers, as well as listed to policy discussions, which follow this pattern.

Homage: I ran across this in the middle of two long blog posts by John Cochrane at his Grumpy Economist blog (here and here), which summarize and give links to many papers at this conference given by leading macroeconomists. Many have links to video, slides, and sometimes full papers. If you are interested in topics on the cutting edge of macroeocnomics, it's well worth your time.