The State of Macro

For a long while after the explosion of macroeconomics in the 1970s, the field looked like a battlefield. Over time, however, mainly because facts do not go away, a largely shared vision both of fluctuations and of methodology has emerged. Not everything is fine. Like all revolutions, this one has come with the destruction of some knowledge, and it suffers from extremism and herding. None of this is deadly, however. The state of macro is good.

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Year of publication:	2009
Authors:	Blanchard, Olivier
Published in:	Annual Review of Economics. - Annual Reviews, ISSN 1941-1383. - Vol. 1.2009, 1, p. 209-228
Publisher:	Annual Reviews
Subject:	macroeconomics \| shocks \| propagation mechanisms \| fluctuations

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Extent:	application/pdf
Type of publication:	Article
Classification:	B41 - Economic Methodology ; E00 - Macroeconomics and Monetary Economics. General ; E10 - General Aggregative Models. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008765249