Ethan Ilzetzki on the International Implications of Fed Policy, Business Cycle Theory, and the UK Crisis
Macro Musings with David Beckworth
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Is the Fed Really Engineering a Stochastic Response?
The Fed does not just randomly change interest rates at a whim. And there are reasons why the Fed is moving interest rates. So we'd like to tease out which portion of the move in monetary policy is not just simply responding, kind of a reverse causation type of thing to current events but rather is causing the subsequent events.
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