Christina Romer presented her paper ‘Why Some Times Really Are Different: Macroeconomic Policy and the Aftermath of Financial Crises’ at a public lecture hosted by the project and the David Hume Institute. This was part of the Post-Crisis Macroeconomics workshop in October 2017.
This talk shows that the economic consequences of financial crises are less severe in countries which are free to use monetary fiscal policies to cushion the blow. The implications for the conduct of monetary and fiscal policy in ‘normal times’ are discussed in the Q&A.
Why Some Times Really Are Different
