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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Autore principale: Blanchard, Olivier
Altri autori: Dell'Ariccia, Giovanni, Mauro, Paolo
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2010.
Serie:IMF Staff Position Notes; Staff Position Note ; No. 2010/003
Accesso online:Full text available on IMF