Public Lecture by Bundesbank Guest Professor Lawrence Christiano
The US financial crisis of 2007/2008 has had an enormous impact on macroeconomics. I review basic facts and the government's policy responses. Both pose challenges for macroeconomic models. I review some of the responses to these challenges. If we compare what macroeconomicts were doing before and after the financial crisis, the difference is so great that it resembles the aftermath of an intellectual earthquake.
30.05.2016 | 10:15 - 11:45
Freie Universität Berlin