Macroeconomic Theory

    Governments turn to macroeconomic theory to help shape policies to manage instability. Current theories do not adequately support our policy needs. Credit markets, income, and employment are all inherently unstable. We need better theory to help us design better institutions and better policies.

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    Economic Models That Are Costing Us All

    When an economic model fails, it is reality—and the people living in it—who pay the bills while the model lives on, unscathed. Read more

    China’s International Economic Strategy

    The Implications of Xi’s Belt and Road Initiative for China and the World Economy Read more