Macro Musings with David Beckworth cover image

Tim Lee on the Present and Future of AI and its Implications for Policy

Macro Musings with David Beckworth

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The Importance of Nominal GDP Targeting

Tim Lee: Rapid productivity growth solves a lot of problems, right? I mean, we want economic growth to deal with everything from inequality to solving climate crisis. He says he's skeptical that the changes will happen fast enough for this to be a big problem in many industries. But just another reason to promote the nominal GDP targeting view, it can handle supply shocks.

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