Thursday, June 2, 2016

Edward Lambert — A New Model of the Economy Please

Brad DeLong wrote recently concerning the Uncertainty at the Fed…
“The heart of the trouble consists in the fact that neither financial-market participants nor, it seems, the Fed itself know the true state of the economy or how best to model it – especially in the wake of the 2008 financial crisis” (link)
It is a fact he says. The Fed and others do not know how best to model the state of the economy.
I stand alone with a new model for an Effective Demand limit as Keynes envisioned it
Angry Bear
A New Model of the Economy Please
Edward Lambert


Matt Franko said...

Its not 'modeling'...

Bob said...

Is it "opining" ?