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Macro needs micro

Fabio Ghironi.

in Oxford Review of Economic Policy

January 2018; p ublished online January 2018 .

Journal Article. Subjects: General Aggregative Models; Prices, Business Fluctuations, and Cycles; Monetary Policy, Central Banking, and the Supply of Money and Credit; International Trade; International Factor Movements and International Business; Macroeconomic Aspects of International Trade and Finance. 13015 words.

Abstract

An emerging consensus on the future of macroeconomics views the incorporation of a role for financial intermediation, labour market frictions, and...