Macro Musings with David Beckworth cover image

BONUS: Noah Smith on the State of Macroeconomics

Macro Musings with David Beckworth

00:00

Macroeconomics in Its Infancy

There's been a lot of work on consumption in response to plausible exogenous policy shifts. And so this can help you build up like search theoretic models of the labor market. These are just these very, these small bore things that don't satisfy the Ed Prescottian desire for grand hand waving theories of everything. But they're more of what I'd call normal science.

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