The Revolution of Macroeconomics
Ricardo discusses the revolution in macroeconomics, comparing it to the changes in physics with relativity. He explains the progress made in monetary policy and the neglect of fiscal policy in the last 20-30 years. Despite the inadequacy in studying fiscal policy, he remains optimistic about the possibility of using economics in this area.In this clip
From this podcast
EconTalk
Ricardo Reis on Keynes, Macroeconomics, and Monetary Policy
Related Questions
Can fiscal policy overcome economic challenges?
Is there a disconnect in macroeconomics as discussed in the episode Guillermo Calvo on the Crisis, Money, and Macro and the clip Rethinking Monetary Policy?
Is there a disconnect in macroeconomics as discussed in the episode Guillermo Calvo on the Crisis, Money, and Macro and the clip Rethinking Monetary Policy?