The Peterson Institute held a conference on "Rethinking Macroeconomic Policy," coordinated by Olivier Blanchard, PIIE C. Fred Bergsten Senior Fellow, and Lawrence H. Summers, member of the Institute’s Executive Committee of the Board, on October 12–13, 2017. The conference is the fourth in a series Blanchard began at the International Monetary Fund.

Academic experts and policymakers addressed the challenges to macroeconomic thinking and policymaking that today’s economic environment presents–low inflation despite low unemployment, the apparent interactions of rising inequality and stagnating productivity, and the unresponsiveness of long-term interest rates to rising public debt, among others.

The conference papers have been published by MIT Press as Evolution or Revolution? Rethinking Macroeconomic Policy after the Great Recession.