@JohnHCochrane You commentary was great. It’s too easy for quality people to add their names to something that sort of says nothing and so they don’t worry about it. Maybe. I know that’s a generous interpretation. Looking forward to learning more of the Hoover initiative you mention though!
@JesusFerna7026@UncertainLars Thank you for this. Both your explanation and for sharing the article and Penn students’ work. I didn’t know of either. Thanks!
@gp_mihalache@JohnHCochrane I think you need both. Fed has to make decisions around a target and watch for deviations. But as a science, our field should be waay more focused on changes! 100%. Otherwise we are just engineers tweaking the existing design, not diving into deeper questions… thnx