tag:blogger.com,1999:blog-5713178645208582139.post8065746034420103703..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: The FOMC Decision: A NGDP PerspectiveDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5713178645208582139.post-77990030784670601692019-03-24T19:51:52.593-05:002019-03-24T19:51:52.593-05:00This is a big innovation, Professor Beckworth, and...This is a big innovation, Professor Beckworth, and I think would be an important part in a prospective Market Monetarist econometric model. If a reliable, renewed prediction market is ever established, that could provide fodder for the previous NGDP forecasts, or failing that, the market driven forecasts I produce. <br /><br />Using the IMF forecast is as good first pass, but I think it's Justin Irvinghttp://ngdp-advisers.comnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-91897093164532152372019-03-22T20:33:46.992-05:002019-03-22T20:33:46.992-05:00Nice post.
I think a 4% NGDPLT after 2008 is chi...Nice post. <br /><br />I think a 4% NGDPLT after 2008 is chintzy.<br />Timothy Taylor recently posted that three-quarters of adults taking new jobs are 're-entrants' to the labor force! Not previously counted as unemployed. <br /><br /> In other words, there is plenty of slack out there. <br /><br /> Another laugher: Donald Trump, not the Fed and its 1500 PhD economists, has been right onBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com