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 ECB Can Save the Euro – But It Has To Change Its Business Model

    How must the European institutional structure be modified to fortify the euro zone? Read more

    Finance & Society

    May 5–6, 2015