The global financial crisis caused immense hardship and suffering all over the world. To prevent a repeat, we need to rethink…
… what we know about economic theory …. We need to rethink, following this, the policies … coming from the analytical work. And then we will need also to rethink multilateralism.
IMF Managing Director Dominique Strauss-Kahn (April 16, 2011)
A wholesale reexamination of macroeconomic principles in the wake of the crisis was the goal of a conference at the IMF in early March.
But, for Olivier Blanchard and others, the conference was merely “the beginning of a conversation, the beginning of an exploration.”
Here is our list of recommended reads to help you be part of the conversation. (more…)
Filed under: Economic Crisis, Economic research, International Monetary Fund | Tagged: David Romer, global economic crisis, Joseph Stiglitz, Macro and Growth Policies in the Wake of the Crisis, macroeconomic models, macroeconomic policy, macroeconomists' playbook, Michael Spence | 7 Comments »