The quest to save macroeconomics from itself

This podcast episode delves into the world of macroeconomics, exploring its differences from microeconomics and highlighting the importance of empirical macroeconomics in understanding economic phenomena. It delves into the work of Emi Nakamura, an empirical macroeconomist, who has unearthed valuable micro data from the 1970s and shed light on price adjustment behavior and the role of government spending in economic outcomes..