Morten Ravn provides a short overview of macroeconomic stabilization in this short video. Continue reading
Category Archives: New models for understanding recessions and optimal policy responses
POLICY BRIEF: Macroeconomic stabilisation in heterogeneous societies
Objectives
- To construct a quantitative model where distributional issues matter
- To use that model to analyse previously unconsidered shocks
- To display new interactions between fiscal and monetary policies useful for stabilisation purposes
By Morten Ravn
ADEMU explained: Recessions following expansions and the instability of market economies, video with Franck Portier
Franck Portier explains why market economies are fundamentally unstable in this short video. Continue reading
POLICY BRIEF: Recessions following expansions: The instability of market economies
Objectives
- To provide new facts about business cycles in the economy and challenge the common view that the economy is fundamentally stable
- Developing models that illustrate a necessary trade-off between severity and length of recessions
- Recommend structural policies to limit recessions, rather than responses to shocks
By Paul Beaudry, Dana Galizia and Franck Portier