In June, 2022, Governor Waller of the Federal Reserve spoke on monetary policy at the 2022 meetings of the Society for Computational Economics. After his session, I attended the FRB Dallas reception in the George W. Bush Library. I met Governor Waller and told him that the modeling methods used at the Fed were substantially […]
Governor Waller blames me for Fed weaknesses. Really? Read More »
On Friday, May 13, The NYC Fed will host the conference “Climate Change: Implications for Macroeconomics”. Speakers include Lars Hansen of the University of Chicago, and Monika Piazzesi of Stanford University. These choices clearly show the Fed’s approach to research on these issues. If you like FRB/US you will love the approach to climate change
NYC Fed Endorses Hansen’s and Piazzesi’s “Contributions” to Climate Change Economics Read More »
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 »