Who’s Talking About the Future of Macroeconomic Policies

Last month's conference at the IMF spurred plenty of discussion about the future of macroeconomic policies after the global financial crisis. Economic models, policy tools, and how they are applied need to catch up with changes in the global economic and financial system. You've heard here about views from the conference, but there's been plenty of discussion going on outside the IMF. Here's a snapshot....

By | April 5th, 2011|Economic research, International Monetary Fund|

An Important Starting Point—with One Gap

I had one major source of unhappiness with last week’s conference on macroeconomic policies in the wake of the financial crisis: the participants were largely silent about the dismal outlook in the advanced economies for the next several years. With the exception of that one critical omission, I was impressed by the discussion. One striking feature was the consensus that there is no consensus. The crisis has, appropriately, made macroeconomists and policymakers humble about what we know. There were, however, some specific issues on which there was, if not unanimity, considerable agreement.

Load More Posts