Reform and Macroeconomic Policy for Sustainable Growth and Employment Creation

 The purpose of this lecture is to highlight the most recent developments in macroeconomics ‎concerning the effectiveness of economic policy both in the short and in the long run. Professor ‎Francesco Saraceno’s lecture will start with recent evidence dismissing one of the pillars of the pre-‎crisis consensus, the separation of long term growth and short term fluctuations. Once it is agreed that ‎short and long run are intertwined, the theory and practice of economic policy need to be reassessed.‎
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