Convergence? Thoughts about the Evolution of Mainstream Macroeconomics over the Last 40 Years

Olivier Blanchard

NBER Macroeconomics Annual, 2026, vol. 40, issue 1, 1 - 19

Abstract: This year marks the fortieth anniversary of the NBER Macroeconomics Annual Conference, founded in 1986. This paper reviews the evolution of mainstream macroeconomics since then. It presents my views, informed by a survey of a number of researchers who have made important contributions to the field. I develop two main arguments.

Date: 2026
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