Jon Sindreu on Global Financial Flows and the Balance of Trade
Macro Musings with David Beckworth
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Why Do You Need Descriptiveness?
When the regime changes, then you find yourself with a lack of comprehension of what's going on. And i think we are in a similar case here. We've trained these central bankers to react to them in a certain way. But you could have a different regime. You could control growth and inflation through more macroprodential policy ritly. That would be my view. I haven't seen it yet. If you know, someone has a model that is predictive showing that long run, i would be very happy to accept it.
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