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Hysteresis – An Underrated Macroeconomics Question

Hysteresis is referred to the hypothesis that recessions may have permanent effects on the level of output relative to trend.

Blanchard’s “Policy Model” v “Theory Model”

Back in November last year, Professor Olivier Blanchard discussed with me about his view that there should be four types of macroeconomics, and "theory...
Blanchard Cover Photo

The model you should use to explain Macroeconomics to your Mum | Q&A with...

>Professor Olivier Blanchard further explained the role empirical research on DSGE models, how to teach undergraduates macro after the Great Recession, and his research on hysteresis.

DSGE model and the State of Macroeconomics | Q&A with Olivier Blanchard |

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.

What Macroeconomists agree with each others, according to Blanchard

Olivier Blanchard a list of things that macroeconomists normally agreed on and need no further discussions.

Global Economy

Interviews

Joseph Gagnon Cover

The effects of Unconventional Exchange Rate and Monetary Policy | Q&A with Joseph Gagnon

The honorable guest for this installment is Joseph E. Gagnon, senior fellow at Peterson Institute for International Economics (PIIE). We discussed one of his latest research paper "Unconventional Monetary and Exchange Rate Policies" and the new book he coauthored with C. Fred Bergsten, "Currency Conflict and Trade Policy: A New Strategy for the United States". Gagnon also shared his view on the very popular "Global Financial Cycle" ideas.