Ten Takeaways from the ‘Rethinking Macro Policy. Progress or Confusion?’

Oliver Blanchard sums up the progress which is mostly confusion:

On 15-16 April 2015, the IMF organised the third conference on ‘Rethinking Macro Policy’. In this column, IMF’s Chief Economist Olivier Blanchard presents his personal takeaways from the conference. Though progress in macro policy is undeniable, confusion is unavoidable given the complex issues that remain to be settled.

🙂

What is amazing to note is that people whose theories broadly failed during the crisis continue to reform the thinking post-crisis as well.  The so called neo-liberal thinkers continue to dominate whatever there is to economic thinking. Which other field allows this kind of progress?

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