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...

Full description

Bibliographic Details
Main Author: Blanchard, Olivier
Other Authors: Dell'Ariccia, Giovanni, Mauro, Paolo
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2010.
Series:IMF Staff Position Notes; Staff Position Note ; No. 2010/003
Online Access:Full text available on IMF