I am at John Taylor’s annual macroeconomic conference on monetary policy. The first panel included comments from Richard Clarida and Larry Summers. Time for questions ran out so I put mine here. Larry Summers said he asked an RA to run simulations of FRB/US, the primary Fed model, and reported that the results said a […]
Why can’t the Fed be as good as the Bank of Canada? Read More »
Richard Clarida presented “Monetary policy in open economies–Practical perspectives for pragmatic central bankers” at John Taylor’s 2014 conference “Frameworks for Central Banking in the Next Century” . The following is a cleaned up version of my comments and question to Prof. Clarida. The original transcript is at the end of this post. I’m Ken Judd
Clarida to Columbia students: Ask NYU professors for help Read More »
Like most economists, I like to ask questions in seminars and conferences. Sometimes the answers are quite informative. One interesting case was In November, 2017, I attended the Midwest Macroeconomics conference (https://editorialexpress.com/conference/MMMPitt/program/MMMPitt.html#block_detail_3). Xavier Gabaix was one of the plenary speakers. The tile of his talk was “Behavioral Macroeconomics” and he presented a paper titled “Behavioral
I ask a question, Gabaix insults everyone else in the room Read More »