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Repensar la política macroeconómica

Olivier Blanchard (), Giovanni Dell’Ariccia () and Paolo Mauro ()
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Giovanni Dell’Ariccia: Fondo Monetario Internacional

Authors registered in the RePEc Author Service: Giovanni Dell'ariccia ()

Revista de Economía Institucional, 2010, vol. 12, issue 22, 61-82

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

Keywords: macroeconomic policy; macroprudential regulation; inflation targets; automatic stabilizers (search for similar items in EconPapers)
JEL-codes: E44 E52 E58 G38 H50 (search for similar items in EconPapers)
Date: 2010
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