In “Further Discussed”, we reach out to economists to talk about their recent research. The idea is to have a brief and insightful discussion about the research’s findings and related implications.
In this interview, Blanchard discussed his view on the role of DSGE model in modern Macroeconomics and policymaking. He also explained his decision to rewrite his macroeconomics textbooks after the Great Recession. His recent research on hysteresis was also discussed.