Macro Musings with David Beckworth cover image

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 Importance of Fiscal Stimulus in 2021

The CBO estimated a $400 billion hole in the economy and we were adding 1.9 trillion American rescue plan, he says. "I'm a little bit disappointed that a lot of macroeconomies in 2021 didn't really see this coming," Paulson says. He was skeptical about the latest round of stimulus but now thinks it's too late to reverse course.

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