The day macroeconomics changed

It is of course ludicrous, but who cares. The day of the Boston Fed conference in 1978 is fast taking on a symbolic significance. It is the ...

Reform and revolution in macroeconomics

Mainly for economists Paul Romer has a few recent posts (start here , most recent here ) where he tries to examine why the saltwater/freshw...

A way forward for the centre left on deficits

When it comes to fiscal policy the politics of the right at the moment [1] could be reasonably described as deficit fetishism. The policy of...

Consensus in macroeconomics

Paul Romer has continued the discussion he started, broadening it out from ‘mathiness’ to a more general discussion of how the subject is ...

Paul Romer and microfoundations

For economists In an AER P&P paper , Paul Romer talks about many things: a distinction between scientific consensus and political discou...