Some Macroeconomic Puzzles: Conjectural Refutations

This series of lectures explore a number of key puzzles in modern macroeconomics. Modern macroeconomics rests on a number of assumptions about price and quantity determination and the use of information, but the reality of “real-world” economics stubbornly refuses to conform to many basic predictions. Understanding the factors at play here has far-reaching implications for how we understand the behaviour of the economy. Rather than being a problem for economics, this conflict between theory and observation offers an agenda for frontier economic research.