Rebuilding Macroeconomic Theory

David Vines, emeritus professor of economics at Oxford University, made a presentation on “Rebuilding Macroeconomic Theory” at the Peterson Institute on February 21, 2018. Olivier Blanchard, the Institute's C. Fred Bergsten Senior Fellow, responded with his own commentary on macroeconomic models.

David Vines is professor of economics, and a fellow of Balliol College, at the University of Oxford. He is also adjunct professor of economics at the Australian National University, and a research fellow of the Centre for Economic Policy Research. Vines received a BA from Melbourne University in 1971, and subsequently an MA and PhD from Cambridge University. He was one of the two conveners of the Spring-Summer 2018 double issue of the Oxford Review of Economic Policy devoted to the Rebuilding Macroeconomic Theory Project.

Olivier Blanchard joined the Institute as the first C. Fred Bergsten Senior Fellow in October 2015. Prior to joining the Institute, he was economic counselor and director of the research department at the International Monetary Fund. He remains the Robert M. Solow Professor of Economics emeritus at MIT.