Rethinking Macro: Reassessing Micro-Foundations

Kevin Warsh

No 14103, Economics Working Papers from Hoover Institution, Stanford University

Abstract: This paper examines the policies that led to the financial crisis of 2008 and the suggested policies aimed at preventing such a crisis from ever happening again. It warns that top-down changes to macroeconomic policy may be altering the underlying micro-foundations of the economy, leading to uncertain effects in the future.

Pages: 19 pages
Date: 2014-01
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (1)

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