Reports on monetary policy See all

Gross domestic product growth rates for the world, developed economies and emerging economies

The ‘Big Rethink’ in macroeconomics

The 2008 financial crisis threw the discipline of macroeconomics into turmoil. Since then, some of the world’s most respected economists have regularly gathered to theorize about the lessons learned and how to address fiscal and monetary policy going forward. Yet a troubling trend is growing stronger: basing macroeconomics on ideological, rather than scientific, grounds.

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