Rethinking Macro Policy II: Getting Granular

Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
Cover of the book Rethinking Macro Policy II: Getting Granular by Olivier Blanchard, Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, INTERNATIONAL MONETARY FUND
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Author: Olivier Blanchard, Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro ISBN: 9781484365861
Publisher: INTERNATIONAL MONETARY FUND Publication: April 15, 2013
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Olivier Blanchard, Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro
ISBN: 9781484365861
Publisher: INTERNATIONAL MONETARY FUND
Publication: April 15, 2013
Imprint: INTERNATIONAL MONETARY FUND
Language: English
This note explores how the economic thinking about macroeconomic management has evolved since the crisis began. It discusses developments in monetary policy, including unconventional measures; the challenges associated with increased public debt; and the policy potential, risks, and institutional challenges associated with new macroprudential measures. Rationale: The note contributes to the ongoing debate on several aspects of macroeconomic policy. It follows up on the earlier “Rethinking” paper, refining the analysis in light of the events of the past two years. Given the relatively fluid state of the debate (e.g., recent challenges to central bank independence), it is useful to highlight that while many of the tenets of the pre-crisis consensus have been challenged, others (such as the desirability of central bank independence) remain valid.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
This note explores how the economic thinking about macroeconomic management has evolved since the crisis began. It discusses developments in monetary policy, including unconventional measures; the challenges associated with increased public debt; and the policy potential, risks, and institutional challenges associated with new macroprudential measures. Rationale: The note contributes to the ongoing debate on several aspects of macroeconomic policy. It follows up on the earlier “Rethinking” paper, refining the analysis in light of the events of the past two years. Given the relatively fluid state of the debate (e.g., recent challenges to central bank independence), it is useful to highlight that while many of the tenets of the pre-crisis consensus have been challenged, others (such as the desirability of central bank independence) remain valid.

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