Roger Koppl and the Future of Macro

Roger Koppl has a new paper coming out on where he thinks macro is headed (the link is only a manuscript). Here's his short post at ThinkMarkets summing up his thoughts. A snippet:

I say the “New Interventionist Economics” will be characterized by five features:

Bubbles
Radical Uncertainty
Animal Spirits
Complexity Dynamics
Extra-Market Control


The comments on his post are also worth reading.

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