Rethinking Macro Policy (Blanchard et al.)

Rethinking macro policy II: Getting granular by Olivier Blanchard, Giovanni Dell’Ariccia and Paolo Mauro published by IMF (4/2013) indicated by Alvaro Manoel. “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 potencial, risks, and institutional challenges associated with new macroprudential measures. Rationale: The note contributes to the ongoing debate on several aspects of macroeconomic policy…”