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来源类型Working Paper
规范类型报告
DOI10.3386/w12476
来源IDWorking Paper 12476
Modern Macroeconomics in Practice: How Theory is Shaping Policy
Patrick Kehoe; Varadarajan V. Chari
发表日期2006-08-24
出版年2006
语种英语
摘要Theoretical advances in macroeconomics made in the last three decades have had a major influence on macroeconomic policy analysis. Moreover, over the last several decades, the United States and other countries have undertaken a variety of policy changes that are precisely what macroeconomic theory of the last 30 years suggests. The three key developments that have shaped macroeconomic policy analysis are the Lucas critique of policy evaluation due to Robert Lucas, the time inconsistency critique of discre-tionary policy due to Finn Kydland and Edward Prescott, and the development of quantitative dynamic stochastic general equilibrium models following Finn Kydland and Edward Prescott.
主题Macroeconomics ; Consumption and Investment ; Money and Interest Rates ; Monetary Policy ; Fiscal Policy ; Public Economics ; Taxation
URLhttps://www.nber.org/papers/w12476
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/570134
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Patrick Kehoe,Varadarajan V. Chari. Modern Macroeconomics in Practice: How Theory is Shaping Policy. 2006.
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