Why can’t the Fed be as good as the Bank of Canada?

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 …

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Clarida to Columbia students: Ask NYU professors for help

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 …

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Congratulations to the RCC and Director Birali Runesha!

Today I received an email from the University of Chicago Research Computing Center entitled “Celebrating Ten Years”. The RCC Director is Birali Runesha whose welcome describes its goals. I want to extend my congratulations to RCC and Birali for their excellent work over the past ten years. I was a frequent visitor at the University …

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