Macro Musings with David Beckworth

64 - Ricardo Reis Defends Macroeconomics

Jul 3, 2017
Ricardo Reis, a professor at the London School of Economics and editor of the Journal of Monetary Economics, defends the vitality of macroeconomics despite its criticisms. He highlights innovations sparked by the Great Recession and the importance of nuanced economic forecasting, comparing it to the work of doctors. The conversation delves into the challenges of quantitative easing, the role of bank reserves in economic stability, and the need for reforms in macroeconomic education. Reis advocates for new approaches while navigating inflation and central banking complexities.
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