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Yeah most are honestly just nerds trying to explore what's possible mathematically and what's not.
Not saying some aren't ideologically driven, but most are really just eggheads.
The ideological driven stuff would come from the very top the little cogs that do the research likely don’t have the flexibility to do much
The mechanism is more that you aren't going to get one of those jobs unless you seem to have respectably mainstream opinions.
It's the largest employer of economists and almost all of them are researchers.
Maybe we need to send some of em to the Department of Labor to help count unemployment numbers 🤦🏼♂️ these revisions are just wild
BLS is also one of the largest employers of economists.
Well crap they need to stop hiring the ones that barely pass….
Mediocre economists have to go somewhere.
The Fed does a ton of research and I think that is something people don’t associate with the Fed. They pump out a ton of papers each year and even more working papers that they really spend years working on. It would make since they are trying to research and see if persistent deficits is possible.