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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Détails bibliographiques
Auteur principal: Blanchard, Olivier
Autres auteurs: Dell'Ariccia, Giovanni, Mauro, Paolo
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2010.
Collection:IMF Staff Position Notes; Staff Position Note ; No. 2010/003
Accès en ligne:Full text available on IMF