The Financial Crisis: Lessons for International Macroeconomics
介绍《美国经济杂志：宏观经济学》特刊，基于2011年巴黎会议的五篇论文，总结金融危机对国际宏观经济学研究和政策的教训，涵盖危机传导、国际贸易与金融机构、主权违约风险及政策应对。
This article introduces a special section of the American Economic Journal: Macroeconomics, containing five papers presented during a conference in Paris in October 2011. The aim of the conference was to derive lessons from the financial crisis, for research on international macroeconomics and for policy. The article opens with a summary of the key mechanisms at play during the crisis. The question of the crisis transmission across borders is addressed, with a focus on international trade and financial institutions. Recent advances in the analysis of sovereign default risk are also discussed. The article concludes with a discussion of policy responses to the crisis.