标签:
杂谈 |
2006 Annual Report Issue
Modern Macroeconomics in
Practice:
理论是如何成为货币政策的
How
Theory Is Shaping Monetary Policy
V. V. Chari
University of Minnesota and Federal Reserve Bank of
Minneapolis
Patrick J. Kehoe
Federal Reserve Bank of Minneapolis and University of
Minnesota
The authors thank Kathy Rolfe and Joan Gieseke for excellent
editorial assistance.
The views expressed herein are those of the authors and not
necessarily those of the Federal Reserve Bank of Minneapolis or the
Federal Reserve System.
Editor’s note: This essay is based on the authors’ paper, “Modern Macroeconomics in Practice: How Theory Is Shaping Policy,” published in the Journal of Economic Perspectives, Vol. 20, No. 4, Fall 2006.
Over the last three decades, macroeconomic theory and the practice of macroeconomics by economists have changed significantly—for the better. Macroeconomics is now firmly grounded in the principles of economic theory. These advances have not been restricted to the ivory tower. 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. |