David Beckworth
DavidBeckworth
.@RameshPonnuru and I make the case to actually embrace some 'catch-up' inflation this year as it is needed to restore the dollar size of the economy to its pre-pandemic trend
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Regarding the Summers "overheating" comment, I agree that a large part of this recession is a pandemic-driven, sectoral contraction. But as work by @IvanWerning, M.Woodford, @alpsimsek_econ, and others showed this
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Great thread from @GeorgeSelgin on the 13(3) imbroglio.https://twitter.com/georgeselgin/status/1340031364406624260 This 13(3) thread from @BharatRamamurti is also good:https://twitter.com/bharatramamurti/status/1340382408328294402 Senator T
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I normally enjoy Joe's hot takes, but this one... yikes. It is a good example, in my view, of why relying too heavily on the "money view" (i.e.liquidity preference view)
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