Data Dependency Dilemma
The discussion highlights the tension between looking backward at data and making forward-looking decisions in monetary policy. Austan emphasizes the importance of being nimble and proactive to avoid being caught behind the curve, especially during critical transitions in the business cycle. He warns that waiting for clear signs of recession could lead to missed opportunities for effective intervention.In this clip
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Odd Lots
Austan Goolsbee on How This Cycle Turned Out to Be So Different
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