The State of Macro
Olivier Blanchard ()
Annual Review of Economics, 2009, vol. 1, issue 1, pages 209-228
For a long while after the explosion of macroeconomics in the 1970s, the field looked like a battlefield. Over time, however, mainly because facts do not go away, a largely shared vision both of fluctuations and of methodology has emerged. Not everything is fine. Like all revolutions, this one has come with the destruction of some knowledge, and it suffers from extremism and herding. None of this is deadly, however. The state of macro is good.
Keywords: macroeconomics; shocks; propagation mechanisms; fluctuations (search for similar items in EconPapers)
JEL-codes: B41 E00 E10 (search for similar items in EconPapers)
References: Add references at CitEc
Citations View citations in EconPapers (45) Track citations by RSS feed
Downloads: (external link)
Full text downloads are only available to subscribers. Visit the abstract page for more information.
Working Paper: The State of Macro (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:anr:reveco:v:1:y:2009:p:209-228
Ordering information: This journal article can be ordered from
Access Statistics for this article
Annual Review of Economics is currently edited by 05
More articles in Annual Review of Economics from Annual Reviews Annual Reviews 4139 El Camino Way Palo Alto, CA 94306, USA.
Series data maintained by http://www.annualreviews.org ().