Macroeconomic Theory

    Governments turn to macroeconomic theory to help shape policies to manage instability. Current theories do not adequately support our policy needs. Credit markets, income, and employment are all inherently unstable. We need better theory to help us design better institutions and better policies.

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    The paradoxes of fiscal austerity in Brazil

    Brazil’s current economic scenario does not resemble the emerging economy that until recently fueled the optimism of analysts and investors. Read more

    Lessons from the Great Depression

    Dec 5, 2014

    India's Economic Challenges

    May 9, 2017 | 04:00—05:30