Rethinking Macroeconomic Policy

Olivier Blanchard, Giovanni Dell’ariccia and Paolo Mauro
Authors registered in the RePEc Author Service: Giovanni Dell'ariccia

Journal of Money, Credit and Banking, 2010, vol. 42, issue s1, 199-215

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.

Date: 2010
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Citations: View citations in EconPapers (203)

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https://doi.org/10.1111/j.1538-4616.2010.00334.x

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Journal Article: Rethinking Macroeconomic Policy (2010)
Working Paper: Rethinking Macroeconomic Policy (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jmoncb:v:42:y:2010:i:s1:p:199-215

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