Work

Rethinking Macroeconomic Policy

Year: 2010

Type: book-chapter

Abstract: The great moderation lulled macroeconomists and policymakers alike in the belief that we knew how to conduct macroeconomic policy. The crisis clearly forces us to question that assessment. In this paper, we review the main elements of the precrisis consensus, identify where we were wrong and what tenets of the precrisis framework still hold, and take a tentative first pass at the contours of a new macroeconomic policy framework.

Source: The MIT Press eBooks

Parent work: What Have We Learned? Macroeconomic Policy after the Crisis

DOI: 10.7551/mitpress/10005.003.0035

Authors: OLIVIER BLANCHARD, GIOVANNI DELL’ARICCIA, PAOLO MAURO

Institution: International Monetary Fund

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: bronze

OpenAlex ID: W3123510272