Who still uses Klein's models, according to Martin Feldstein?
Federal Reserve Bank and other central banks
World Bank
International Monetary Fund
European Central Bank
Answer
According to Martin Feldstein, the Federal Reserve Bank and other central banks still use Klein's models. This is because Klein's models are able to take into account a variety of factors that affect the economy, such as inflation, interest rates, and unemployment. This makes Klein's models a valuable tool for central bankers who are trying to understand and predict the economy.
Mastering Macro: The Legacy of Lawrence Klein
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