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Analysis of Economic Consequences of Biden and Trump Campaign Promises
The chapter delves into analyzing the economic implications of the campaign promises made by Biden and Trump, focusing on components like Fed rate cuts, tariffs, tax policies, and immigration. Different scenarios are discussed, including the potential impact on GDP, inflation, deficits, debt, and labor market under various policy implementations. The conversation also explores the challenges in quantifying proposals and forecasting economic outcomes based on assumptions and model simulations.