The effects of Unconventional Exchange Rate and Monetary Policy, as explained by Joseph Gagnon

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…

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…

Kocherlakota on How to Reform the Federal Reserve System

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…

John Cochrane on What is Neo-Fisherian?

Welcome! This is the third 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…

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…

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…