Rethinking Macro Policy II [electronic resource] : Getting Granular, Blanchard, Olivier J..

Blanchard, Olivier J.
Washington, D.C. : International Monetary Fund, 2013.
IMF eLibrary
IMF Staff Discussion Notes; Staff Discussion Notes No. 13/003.
IMF Staff Discussion Notes; Staff Discussion Notes No. 13/003
Government document
1 online resource (6 p.)
Local subjects:
Aggregate demand. (search)
Capital flows. (search)
Central banks. (search)
Central Banks and Their Policies. (search)
Cost of credit. (search)
Fall in inflation. (search)
Financial Markets and the Macroeconomy. (search)
Financial stability. (search)
Fiscal consolidation. (search)
Fiscal multipliers. (search)
Fiscal policy. (search)
Foreign currency. (search)
Foreign exchange. (search)
General. (search)
Government Policy and Regulation. (search)
High interest rates. (search)
Inflation rate. (search)
Inflation rates. (search)
Inflation targeting. (search)
Inflation targeting framework. (search)
Inflation targets. (search)
Interest rates. (search)
Liquidity. (search)
Macroeconomic stability. (search)
Macroprudential Policy. (search)
Monetary authority. (search)
Monetary base. (search)
Monetary expansion. (search)
Monetary fund. (search)
Monetary policies. (search)
Monetary policy. (search)
Monetary Policy (Targets, Instruments, and Effects). (search)
Monetary policy strategy. (search)
Monetary stability. (search)
Monetary stance. (search)
Money supply. (search)
Nominal interest rates. (search)
Open market operations. (search)
Percent inflation. (search)
Price level. (search)
Public debt. (search)
Rate of inflation. (search)
Real interest rates. (search)
Real rates. (search)
Real value. (search)
Stabilization measures. (search)
Treasury bonds. (search)
Zero lower bound. (search)
This is a Chinese translation of ""Rethinking Macro Policy II"" (SDN/13/03). This note explores how the economic thinking about macroeconomic management has evolved since the crisis began. It discusses developments in monetary policy, including unconventional measures; the challenges associated with increased public debt; and the policy potential, risks, and institutional challenges associated with new macroprudential measures. Rationale: The note contributes to the ongoing debate on several aspects of macroeconomic policy. It follows up on the earlier “Rethinking” paper, refining the analysis in light of the events of the past two years. Given the relatively fluid state of the debate (e.g., recent challenges to central bank independence), it is useful to highlight that while many of the tenets of the pre-crisis consensus have been challenged, others (such as the desirability of central bank independence) remain valid.
Description based on print version record.
Blanchard, Olivier J.
Dell'Ariccia, Giovanni.
Mauro, Paolo.
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