ABSTRACT
Introduction In this final chapter, we critically address the NMC from a methodological standpoint. Although the mantras of the consensus are hardly questionable in their own right, we argue that the methodological underpinnings of the NMC account for its paradigmatic failure both to predict the GFC, and to be a reliable source of inspiration for post-crisis policies. We particularly insist on the problematic pre-crisis DSGE models, and we sketch out new methodological directions for the future. Finally, we conclude.
