In 2009, just before the full outbreak of the global financial crisis, Olivier Blanchard (2009) published an article giving a favourable appraisal of the state of macroeconomics. He came to this verdict on the basis that, after a long period of fierce theoretical debate, the discipline had...

The Great Recession after 2008 did not turn out to be as deep and severe as the Great Depression of the 1930s. According to the European Commission, this positive result is due to the fact that economic policy-makers around the world learnt their lessons from the Great Depression in stabilizing...

[Einleitung - Ein Virus als neuartige ökonomische Herausforderung] "Unser Land steht vor einer ernsten Situation" - mit diesen Worten leitete Finanzminister Olaf Scholz im Frühjahr 2020 seine Überlegungen zu den Vorkehrungen ein, die die Bundesregierung mit Blick auf die wirtschaftlichen...