Convergence in Macroeconomics: Elements of the New Synthesis

• 成果类型: Article
• 署名作者: Woodford, Michael
• 署名单位: Columbia University
• 刊物名称: AMERICAN ECONOMIC JOURNAL-MACROECONOMICS
• ISSN/ISSBN: 1945-7707
• DOI: 10.1257/mac.1.1.267
• 发表日期: 2009
• 页码: 267-279
• 关键词: model

摘要

While macroeconomics is often thought of as a deeply divided field, with less of a shared core and correspondingly less cumulative progress than other areas of economics, in fact, there are fewer fundamental disagreements among macroeconomists now than in past decades. This is due to important progress in resolving seemingly intractable debates. In this paper, I review some of those debates and outline important elements of the new synthesis in macroeconomic theory. I discusses the extent to which the new developments in theory and research methods are already affecting macroeconoinic analysis in policy institutions. (JEL A11, E00)