Jason Smith — I’ll say similar things for half the salary

Summary:
Jan Hatzius made some macro projections about wages, unemployment, and inflation: Goldman’s Jan Hatzius wrote Sunday that unemployment should continue to decline to 3% by early 2020, noting the labor market also has room to accommodate more wage growth. Hatzius predicted that average hourly earnings would likely grow in the 3.25% to 3.50% range over the next year. ... For now, Goldman has a baseline forecast of 2.3% for core PCE ... Well, these are all roughly consistent with Dynamic Information Equilibrium Model (DIEM) forecasts from almost two years ago…. Information Transfer EconomicsI'll say similar things for half the salaryJason SmithSee alsoSectoral balance chart.Business InsiderGoldman's Top Economist Explains The World's Most Important Chart, And His Big Call For The US Economy

Topics:
Mike Norman considers the following as important: economic forecasting, economic modeling, Ian Hatzius, information transfer economics

This could be interesting, too:

Mike Norman writes Lars P. Syll — Economics — too important to be left to economists

Mike Norman writes Lars P. Syll — Does it–really–take a model to beat a model?

Mike Norman writes Calling a recession too early (and incorrectly) —Jason Smith

Mike Norman writes A spreadsheet version of the IS/MY model (alternative to IS/LM model) — Dirk Ehnts