Abstract

http://ssrn.com/abstract=1248781
 
 

References (47)



 
 

Citations (21)



 


 



The State of Macro


Olivier J. Blanchard


National Bureau of Economic Research (NBER); Peter G. Peterson Institute for International Economics

August 2008

NBER Working Paper No. w14259

Abstract:     
For a long while after the explosion of macroeconomics in the 1970s, the field looked like a battlefield. Over time however, largely 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 suffers from extremism and herding. None of this deadly however. The state of macro is good. The first section sets the stage with a brief review of the past. The second argues that there has been broad convergence in vision, and the third reviews the specifics. The fourth focuses on convergence in methodology. The last looks at current challenges.

Number of Pages in PDF File: 32


Open PDF in Browser Download This Paper

Date posted: August 27, 2008  

Suggested Citation

Blanchard, Olivier J., The State of Macro (August 2008). NBER Working Paper No. w14259. Available at SSRN: http://ssrn.com/abstract=1248781

Contact Information

Olivier J. Blanchard (Contact Author)
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Peter G. Peterson Institute for International Economics ( email )
1750 Massachusetts Avenue, NW
Washington, DC 20036
United States
Feedback to SSRN


Paper statistics
Abstract Views: 2,135
Downloads: 264
Download Rank: 2,393
References:  47
Citations:  21

© 2016 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollobot1 in 0.235 seconds