2025-11-10
52 分钟Welcome to Macro Musings,
where each week we pull back the curtain and take a closer look at the most important macroeconomic issues of the past,
present, and future.
I am your host, David Beckworth,
a Senior Research Fellow at the Mercatus Center at George Mason University,
and I'm glad you decided to join us.
Our guest today is Tara Sinclair.
Tara is a professor and the chair of the economics department at George Washington University.
From 2022 to 24,
Tara also served as a deputy assistant secretary for macroeconomics and the office of economic policy at the U.S.
Department of Treasury.
Tara and her co-author Sophia Kazanik have a new paper out titled FOMC and Silico.
a multi-agent system for monetary policy modeling.
In this paper, Tara and Sophia used large language models, LLMs,
to simulate the decision-making process of the FOMC right down to the personalities and debates inside the Echols building.
It's one of the most ambitious efforts yet to fuse AI with monetary policy analysis with big implications for policy.
Tara joins us today to discuss this paper today.
Tara, welcome back to the program.
It's great to be back.
Thank you, David.