Faculty News
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Prof. David Backus explains why the GDP isn't the best way to evaluate the economy in the short-term
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Excerpt from US News -- "'The GDP – its bottom-line, short-term estimates are incredibly noisy, and for that reason, people tend to see the GDP recovers more quickly than employment, so that hasn’t served so well,' Backus says."
Faculty News
Prof. David Backus explains why the GDP isn't the best way to evaluate the economy in the short-term
—
Excerpt from US News -- "'The GDP – its bottom-line, short-term estimates are incredibly noisy, and for that reason, people tend to see the GDP recovers more quickly than employment, so that hasn’t served so well,' Backus says."