Rethinking Macroeconomic Policy /

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 pre-crisis consensus, we identify where we were wrong and wha...

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Manylion Llyfryddiaeth
Prif Awdur: Blanchard, Olivier
Awduron Eraill: Dell'Ariccia, Giovanni, Mauro, Paolo
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2010.
Cyfres:IMF Staff Position Notes; Staff Position Note ; No. 2010/003
Mynediad Ar-lein:Full text available on IMF
Disgrifiad
Crynodeb: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 pre-crisis consensus, we 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.
Disgrifiad o'r Eitem:<strong>Off-Campus Access:</strong> No User ID or Password Required
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Disgrifiad Corfforoll:1 online resource (19 pages)
Fformat:Mode of access: Internet
ISSN:2617-6742
Mynediad:Electronic access restricted to authorized BRAC University faculty, staff and students