# Professor Xavier Gabaix's new research on macroeconomic theory is referenced

1 Faculty News September 21, 2016 ![Bloomberg View logo](/sites/default/files/styles/246w/public/assets/images/bloombergview_0.jpg?itok=47DlvcFA)>

Excerpt from [Bloomberg View](https://www.bloomberg.com/view/articles/2016-09-21/monetarists-are-out-of-ideas) -- "...the highly respected [Xavier Gabaix](http://www.stern.nyu.edu/faculty/bio/xavier-gabaix) of New York University has incorporated the idea into a new model."

[Read more](https://www.bloomberg.com/view/articles/2016-09-21/monetarists-are-out-of-ideas)