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Great Moderation

Janet Yellen's Nemesis--The Great Moderation

Harlan Green | Posted 05.06.2014 | Business
Harlan Green

New Fed Chairwoman Janet Yellen has a great task ahead of her. How to combat the results of the Great Moderation, as it was called, that period of l...

Rewriting the Macroeconomists' Playbook in the Wake of the Crisis

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

Before the global economic crisis, mainstream macroeconomists had largely converged on a framework for the conduct of macroeconomic policy. It is now time to converge again.