Should-Read: Fabio Ghironi: Micro Needs Macro: “An emerging consensus on the future of macroeconomics views the incorporation of a role for financial intermediation, labor market frictions, and household heterogeneity in the presence of uninsurable unemployment risk as key needed extensions to the benchmark macro framework… http://faculty.washington.edu/ghiro/GhiroFuture.pdf …I argue that this is welcome, but not sufficient … Continue reading Should-Read: Fabio Ghironi: Micro Needs Macro