Leading economists consider the shape of future economic policy: will it resume the pre-crisis consensus, or contend with the post-crisis "new normal"? What will economic policy look like once the global financial crisis is finally over? Will it resume the pre-crisis consensus, or will it be forced to contend with a post-crisis "new normal"? Have we made progress in addressing these issues, or does confusion remain? In April of 2015, the International Monetary Fund gathered leading economists, both academics and policymakers, to address the shape of future macroeconomic policy. This book is the result, with prominent figures-including Ben Bernanke, John Taylor, and Paul Volcker-offering essays that address topics that range from the measurement of systemic risk to foreign exchange intervention.The chapters address whether we have entered a "new normal" of low growth, negative...
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