Calvo on the Crisis, Money, and Macro

Guillermo Calvo of Columbia University and the National Bureau of Economic Research talks with EconTalk host Russ Roberts about the nature of macroeconomic crises and what we have learned or should have learned in the aftermath of the most recent one. Based loosely on his recent paper, "Puzzling Over the Anatomy of Crises," Calvo discusses a wide array of issues related to macroeconomics and the role of financial instability in economy-wide crises. Topics include the role of money, the problem of short-term lending in the financial sector, the black-box approach of modern macroeconomic theory and the forgotten economists we might want to reconsider.

You can listen to Calvo on the Crisis, Money, and Macro online on Radio and Podcast. Open the player on this page to stream the available audio.

Calvo on the Crisis, Money, and Macro is an episode from EconTalk Archives, 2013 by Library of Economics and Liberty.

This episode is 1:09:39 long.

This episode was published on Oct 21, 2013.

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