Rethinking Macroeconomic Policy
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The International Monetary Fund (IMF) has published the paper, “Rethinking Macroeconomic Policy.” The aim of the paper is to lay out some key questions about the design of macroeconomic policy frameworks, as well as develop some ideas on how those frameworks might be strengthened.
The paper develops in three stages: Firstly, it provides an outline of what experts and practitioners thought they knew. Secondly, it identifies key areas where mistakes were made. And lastly, it sets forth proposals for a new macroeconomic policy framework.
The full-text is available on the web.
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