Macro Musings with David Beckworth cover image

John Roberts on Macroeconomic Modeling at the Fed, Makeup Policy, and the Future of FAIT

Macro Musings with David Beckworth

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Do Chair Powell Think Through These New Keynesian Models?

Eaton: It's always easy to say, hey, why not do this or this? But in the case of what you've just said, it's easy for critics to say, you know, create unemployment. Eaton: The counterfactual is not a million jobs versus nothing but many more in the future. We'd rather do it now than in the future," he says. "We have this tightening now versus even more severe tightening in the future"

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