This Economic Letter summarizes the papers presented at the conference “Macroeconomic Models for Monetary Policy” held at the Federal Reserve Bank of San Francisco on March 1-2, 2002, under the joint ...

Macroeconomic models play a crucial role in decision making and federal budget planning but may not fully account for the economic disruptions caused by extreme climate-related impacts (e.g., extreme ...

The climate crisis could trigger a global financial crash as temperatures rise beyond 2C, but governments and investors are relying on economic models that fail to account for the scale and severity ...

Marx never made claims about economic theories as science. He pointed out the mechanisms of capitalism and that some of the negative effects of capitalism were inevitable due to the way capitalism ...

Economic models used by governments, central banks and investors are increasingly understating physical climate risk because they rely on assumptions that break down as the world moves toward higher ...

The Trump White House and its allies have shown little confidence in the Fed’s economic models, insisting that the central bank’s forecasts are wrong. The criticism underlies President Donald Trump’s ...

Papers presented at the conference on “Macroeconomic Models for Monetary Policy” held March 6, 2009, at the Federal Reserve Bank of San Francisco addressed such issues as how to model wage and price ...

From a traditional economics viewpoint, the US issue isn't deficit spending when the economy is doing poorly, but that the budget is never balanced, and deficit spending is rampant even when it's ...