Jesus Fernandez-Villaverde on Demographic Trends, Recent Macroeconomic Developments, and AI’s Implications for Economic Growth
Macro Musings with David Beckworth
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The Keynesian Fiscal Theory of the Price Level
Some type of a mix between a new Keynesian model and a fiscal theory of the price level. So on one hand, you know, high-ear expected deficits that pushes the price level up plus a very standard new Keynesian framework where there is still less people willing to work. And so I think that, yeah, I don't know if anyone has written this, but some type of neo- Keynesian fiscal Theory of the Price Level is the best way for me to think about this.
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