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Ricardo Reis is a professor of economics at the London School of Economics and the editor of the prominent Journal of Monetary Economics. He joins the show to discuss the state of macroeconomics, which has recently come under attack from many commentators who claim the discipline lacks empirical rigor and has failed to accurately forecast economic conditions. Ricardo gives a nuanced defense of macroeconomics, arguing macroeconomic research is, indeed, quite vibrant and empirical. Furthermore, he argues that although there have been shortcomings, macroeconomics has greatly improved over the past few decades in its ability to forecast and inform policy debates. David Beckworth\u2019s blog: http://macromarketmusings.blogspot.com/ Ricardo Reis\u2019s LSE profile: http://personal.lse.ac.uk/reisr/ David\u2019s Twitter: @DavidBeckworth \u201cIs Something Really Wrong with Macroeconomics?\u201d by Ricardo Reis http://personal.lse.ac.uk/reisr/papers/17-wrong.pdf \u201cAchieving Price Stability by Manipulating the Central Bank's Payment on Reserves\u201d by Robert Hall and Ricardo Reis http://www.nber.org/papers/w22761 \u201cWhen Economics Failed\u201d by Noah Smith https://www.bloomberg.com/view/articles/2017-04-04/when-economics-failed