What some of the most important policy changes have been globally (e.g., large-scale credit support programs; blurring of fiscal and monetary policy boundaries; evolving role of central banks) How they have impacted recent macroeconomic outcomes (e.g., inflation; depth of recession and speed of economic recovery; savings glut) Possible effects on the economy over the next few years (e.g., will inflation be tamed; hard or soft landing Critical questions for the more distant future (e.g., fiscal sustainability; greater stability or greater fragility)