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National Science Foundation HomeNational Science Foundation - Directorate for Social, Behavioral & Economic Sciences (SBE)
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SBE 2020: Submission Detail

ID Number: 185
Title: Three challenges for macroeconomics
Lead Author: Reis, Ricardo
Abstract: I discuss three outstanding challenges for economic research that I hope will be addressed over the next decade. First, research must try to understand whether increased government spending through social transfers is an effective tool to lower unemployment and raise output during recessions. Second, the explosion of information technologies in the last decade should lead researchers to develop sharper and testable models of why people act inattentively, as if they had only very limited information. Third, a new system of national accounts and measurement of inflation are needed to capture the richness of the XXIst century economy.

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