

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.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8
Intro
00:00 • 2min
Reassessing Macroeconomics: Myths and Realities
02:30 • 19min
Exploring the Complexities of Quantitative Easing
21:51 • 11min
Understanding Economic Forecasting Through Medical Analogy
33:16 • 3min
Reforming Macroeconomic Education
36:28 • 6min
Understanding Reservism in Central Banking
42:20 • 11min
Rethinking Central Banking: Beyond the Taylor Rule
52:53 • 3min
Monetary Policy and the Zero Lower Bound
55:28 • 11min