64 - Ricardo Reis Defends Macroeconomics
Macro Musings with David Beckworth
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Reassessing Macroeconomics: Myths and Realities
This chapter addresses the recent criticisms facing macroeconomics, countering the narrative of decline with evidence of ongoing dynamism and innovation in the field. It highlights the rich variety of contemporary research that challenges traditional methodologies, emphasizing the effective responses to the challenges posed by the Great Recession. The discussion also critically evaluates macroeconomic policy outcomes, particularly in relation to inflation control and economic recovery, advocating for a nuanced understanding of the discipline's current state.
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