Rethinking Macroeconomic Policy - Giovanni Dell'Ariccia, Olivier J. Blanchard & Mr. Paolo Mauro

Rethinking Macroeconomic Policy

By Giovanni Dell'Ariccia, Olivier J. Blanchard & Mr. Paolo Mauro

  • Release Date: 2010-02-12
  • Genre: Business & Personal Finance

Description

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 conse