Understanding the Great Recession — An Interview with Larry Christiano

Following our discussion on post-2008 Macroeconomics developments and the importance of DSGE models in part I of the interview, we asked Prof. Christiano about one of his recent and important research paper “Understanding the Great Recession”. What does his model tell us about the Great Recession? Does labor participation rate have a role in the developments of the Great Recession? These are the questions we’ve discussed with Prof. Christiano, and he has some great answers.




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Atif Mian on The Major Shifts in Macroeconomics Since the Great Recession

This is the latest installment of our interview series “Where is the General Theory of the 21st Century?”. “Where is the General Theory of the 21st Century?” is an interview series that explore the evolution of macroeconomics academia since the Great Recession. Do we have some revolutionary changes in the … …Click to read the whole thing…




Why Kocherlakota is Disappointed with Post-Great Recession Macroeconomics?

Welcome to the latest installment of our interview series “Where is the General Theory of the 21st Century?” “Where is the General Theory of the 21st Century?” is an interview series which we ask top economists a very important question: “Why haven’t economists come up with a new General Theory … …Click to read the whole thing…




Ricardo Reis: “The Performance of Macroeconomics is not that bad!”

Welcome! This is the seventh installment of our interview series “Where is the General Theory of the 21st Century?” “Where is the General Theory of the 21st Century?” is an interview series which we ask top economists a very important question: “Why haven’t economists come up with a new General … …Click to read the whole thing…




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Blanchard: “I would use this model to explain Macroeconomics to my Mum”

This is the sixth installment of our interview series “Where is the General Theory of the 21st Century?” Blanchard on DSGE and the State of Macroeconomics | #WITGT21 Conversation Series | EconReporter Continuing our previous discussion on “DSGE model and the State of Macroeconomics”, Professor Olivier Blanchard further explained the … …Click to read the whole thing…




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John Cochrane on FTPL and the State of Macroeconomics

This is the fourth installment of our interview series “Where is the General Theory of the 21st Century?” In this article, we continue our discussion with Professor John Cochrane, Senior Fellow of Hoover Institution, Stanford University. Here he talks about Fiscal Theory of Price Level and how can we apply … …Click to read the whole thing…




Scott Sumner on Market Monetarism and Macroeconomics

This is the second installment of our interview series “Where is the General Theory of the 21st Century?“. In this second installment, we continue our discussion with Prof. Scott Sumner, the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University, where he is the … …Click to read the whole thing…




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Scott Sumner on Midas Paradox and the Great Depression

Welcome! This is the first installment of our interview series “Where is the General Theory of the 21st Century?” “Where is the General Theory of the 21st Century?” is an interview series with the aim to ask top economists a very important question: “Why haven’t economists come up with a … …Click to read the whole thing…