Convergence in Macroeconomics: Elements of the New Synthesis
回顾了宏观经济学中看似难以解决的争论,概述了新综合理论的重要元素,并讨论了新发展和研究方法对政策机构宏观经济分析的影响。
While macroeconomics is often thought of as a deeply divided field, with less of a shared core and correspondingly less cumulative progress than other areas of economics, in fact, there are fewer fundamental disagreements among macroeconomists now than in past decades. This is due to important progress in resolving seemingly intractable debates. In this paper, I review some of those debates and outline important elements of the new synthesis in macroeconomic theory. I discusses the extent to which the new developments in theory and research methods are already affecting macroeconomic analysis in policy institutions.