1/09/2020

Don’t blame the Fed so much

"I am not sure there is any analytical inaccuracy I see on Twitter more often than this one, namely to blame the Fed for being too conservative with monetary policy over the last few years.

And please note these pieces are not weird innovations, they are at the core of modern labor and macro and they are using fully standard methods. Yet the implications of such search models are hardly ever explored on social media, not even on Facebook or Instagram! You have a better chance finding them analyzed on Match.com."