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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Detaylı Bibliyografya
Yazar: Blanchard, Olivier
Diğer Yazarlar: Dell'Ariccia, Giovanni, Mauro, Paolo
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2010.
Seri Bilgileri:IMF Staff Position Notes; Staff Position Note ; No. 2010/003
Online Erişim:Full text available on IMF
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300 |a 1 online resource (19 pages) 
490 1 |a IMF Staff Position Notes 
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520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Dell'Ariccia, Giovanni. 
700 1 |a Mauro, Paolo. 
830 0 |a IMF Staff Position Notes; Staff Position Note ;  |v No. 2010/003 
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