Saturday, May 9, 2015

Saturday, May 2, 2015

Oliver Blanchard on Economic Theory and World Outlook

Oliver Blanchard, Chief Economist at the IMF, has two bog post on the issue of the state of macro theory and on the world economic outlook.

New Macro Model - Small Shocks and Big Results

Noah Smith describes Daron Ace Mogoglu's new macro model that describes small economic shocks that have up stream (Demand-Side Shocks) and down stream (Supply-Side Shocks) than can disrupt a whole economy.