We need macroeconomists in the places where macroeconomic thinking is required – and get microeconomists instead

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Along with other members of the Progressive Economy Forum I had a letter in the FT yesterday in which we criticised the microeconomic way in which the Office for Budget Responsibility views the role of the government within the macroeconomy.

This video elaborates on that theme, exploring why this approach is fundamentally flawed. We need macroeconomists to talk about the macroeconomy, and we are not getting them in the places where they are needed.