David Beckworth on the Safe Asset Theory of Inflation, Comparing Central Bank Frameworks, and a Year of Macro Musings in Review
Macro Musings with David Beckworth
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What Big Lessons Did the Pandemic Teach?
Dave: What big lessons did the pandamic teach? Ya litt economic policy. I think it's important to be thinking bout tell events. Thahave relatively quick, you know, macrol responses. And that may mean you to set it up ahead of time. So maybe bigger automatic stabilizers, a better monetary policy rule than such. i gain the other thing i would again encourage listeners and y govern officials listening to this,. Look at what was accomplished. N the big take away from this pandemic we closed a hole so quickly. The government did act relatively quickMaybe not in most efficient manner, but acted quickly.
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