Also the fact that the economy is managed can mean things aren’t always testable. If you think there’s going to be a recession based on models and you prevent that by using policy, did you really prevent the recession or was it never going to happen?
Also the fact that the economy is managed can mean things aren’t always testable. If you think there’s going to be a recession based on models and you prevent that by using policy, did you really prevent the recession or was it never going to happen?