![]() ![]() I will also focus on some of the data sources I find valuable for answering those questions. In keeping with that spirit of inquiry, I would like to talk today about some of the open questions I see for understanding the economic outlook and for setting monetary policy. I see some of that magic in the research represented here this evening. It was magical to see the novel ways that students brought new ideas, literature, models, methods, and data to the most pressing problems of the day. Among my favorite courses to teach were undergraduate research courses. As you know, I was a professor of economics and international relations at Michigan State University for nearly two decades before joining the Board of Governors. ![]() And because you have a perspective that is unique to your generation and experiences. Because you have used an impressive variety of data sets and models. Your research reflects everything that is exciting about the discipline. It is a pleasure to be here today among such a talented group of future economists. And, as in any field, the people who make up the profession lie at the heart of its growth and progress. There will always be unasked questions and new trails to blaze. Unique forces arise and long-established behaviors can change-as we have seen over the past three years, and even the past decade. New approaches and methods are developed. But it is also constantly evolving, growing, and changing shape. Economics, like any other discipline, has its own established canon and set of rules and models. Thank you for the invitation to speak at the Carroll Round this year. ![]()
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