Modern macroeconomics in practice: how theory is shaping monetary policy

Abstract: Over the last three decades, macroeconomic theory and the practice of macroeconomics by economists have changed significantly?for the better. Macroeconomics is now firmly grounded in the principles of economic theory.

Keywords: Monetary theory; Monetary policy; Macroeconomics;

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Bibliographic Information

Provider: Federal Reserve Bank of Minneapolis

Part of Series: Annual Report

Publication Date: 2007

Volume: 21

Issue: May

Pages: 6-28