Christina Romer, then-chair of Obama's Council of Economic Advisers, remarked that ARRA was "simply the biggest, boldest countercyclical stimulus in American history" and that she "firmly believe[d] that fiscal policy have a crucial beneficial impact." Pro-stimulus academic macroeconomists
Antonio Fatas and Ilian Mihov declared that, "properly executed empirical studies support the view that a fiscal expansion will help the U.S.
Please join Industry Intelligence and FEA macroeconomist
Brendan Lowney for a 30- to 40-minute presentation, followed by Q&A session.
This type of forecasting error is hardly a first for macroeconomists
. Examples of the profession's failure to anticipate economic contractions are legion and span its entire history.
Indeed, it was this general approach that led us to the view that the new macroeconomists
were claiming much more than could be deduced from fundamental neoclassical principles.
He received the Bernacer Prize, recognizing the best under-40 European macroeconomist
, in 2007, and has served as a member of the French Council of Economic Advisers.
He had previously held positions as Director of Planning and Budget, Chief Macroeconomist
and Manager for Operations, Quality and Performance Review.
Such confidence is misplaced, however, says an Addis Ababa-based macroeconomist
, who formerly worked within the state banking sector before moving to a multinational organisation.
oIn 2010, the external environment will remain rather grim but it will not deteriorate further,o Zhang Liqun, a macroeconomist
at the centre, said in the report.
But if you ask the same question of a modern macroeconomist
-- for example, the extremely bright Narayana Kocherlakota of the University of Minnesota -- you will find that he says that he does not know, and that macroeconomic models attribute economic downturns to various causes.
Gordon, the well-known macroeconomist
, conducted by Emmanuel De Veirman and me.