Macro Musings with David Beckworth cover image

Will Diamond on Safe Assets, Risk-Free Rates, and Convenience Yields and their Implications for Policy

Macro Musings with David Beckworth

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I'd Love to Be Back on the Show to Discuss It

E'ld: The standard model, newcansian work horse model, there's l m kurbut they drop it. And that's because there really is an exchange in the model. You're getting back to this transaction, exchange, part of the story. I don't think macropolicy is often a super intellectually deep issue. But i would say the first order to being a responsible policy maker is know your history relatively well and just have a pretty long mental list of potential ways the economy can screw up. If you get the very basics right, then i think you're already in the ninetieth percentile.

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