Arbeitspapier

The financial crisis: What have macroeconomists learnt?

I outline a simple roadmap for work in micro-founded models. Rather than abandoning the route to further micro-foundations and returning to ad hoc economics, the techniques we have used over the past two decades to develop micro-founded business cycle models will allow us to develop models with meaningful financial frictions and thus address once again the question of monetary and fiscal policies with active rather then passive financial sectors. Macroeconomics and finance are likely to remain bound together.

Language
Englisch

Bibliographic citation
Series: School of Economics Discussion Papers ; No. 10,12

Classification
Wirtschaft
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Monetary Policy
Central Banks and Their Policies
Subject
future of macroeconomics
DSGE models
crisis

Event
Geistige Schöpfung
(who)
Chadha, Jagjit S.
Event
Veröffentlichung
(who)
University of Kent, School of Economics
(where)
Canterbury
(when)
2010

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Chadha, Jagjit S.
  • University of Kent, School of Economics

Time of origin

  • 2010

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