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A New Textbook Approach to Macroeconomics: A Debate


Author Info

  • Alessia Amighini

    (Università del Piemonte Orientale)

  • Emiliano Brancaccio

    (SEGIS Università del Sannio)

  • Francesco Giavazzi

    (Università Bocconi and MIT)

  • Marcello Messori

    (Università di Roma “Tor Vergata”)


Messori’s paper analyzes the impact of the recent crises on the teaching of macroeconomics. In contrast with what happened during the Thirties, today we do not have a new macroeconomic paradigm. This is why the mainstream textbook of Blanchard, Amighini, Giavazzi (2010) remains irreplaceable for introductory macroeconomics. This conclusion is refused by Amighini, Giavazzi as well as by heterodox economists such as Brancaccio. The first two authors argue that the criticisms raised at the “mainstream” approach to the teaching of macroeconomics overlook the need for a strong pedagogy. On the contrary, Brancaccio criticizes the mainstream approach through modification of the functional form of a given equation system and reversal of its exogenous and endogenous variables.

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Bibliographic Info

Article provided by SIPI Spa in its journal Rivista di Politica Economica.

Volume (Year): (2012)
Issue (Month): 3 (July-September)
Pages: 101-129

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Handle: RePEc:rpo:ripoec:y:2012:i:3:p:101-129

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Related research

Keywords: macroeconomics; teaching; comparative approach.;

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Blog mentions

As found by, the blog aggregator for Economics research:
  1. Recensione a l'Anti-Blanchard di Brancaccio
    by Sergio Cesaratto in Politica&EconomiaBlog on 2012-11-30 07:40:00


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