03 - John Cochrane on Finance, the Fiscal Theory of the Price Level, and Blogging
Macro Musings with David Beckworth
00:00
How to Be a Successful Macro Economist
The most successful economists are ones you just lately ignored all the advice. Computers, Internet, large data, what are the rush-chetty match-ends? What are the young, hot economists doing? They are leveraging computers, Internet, and data handling. Now, macro, I think, we're a little bit stuck in always explaining the last data point. But macro two is starting to exploit larger data, becoming more empirical. And it needs a new cleaner embedded theory is on its way, I hope.
Transcript
Play full episode
