What Are Economists Good For?
Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: a defense of macroeconomics, inflation expectations rising, tech-stock tumbling, and a look at Paul Romers 1990 paper on technological progress. To sign up for the Capital Note, follow this link.
In Defense of MacroeconomicsThe field of macroeconomics has come under heat recently thanks to what some see as a disconnect between macro models and reality. Accommodative monetary…