I don't know how you get here from "predict the next word."
(Like the 50 year old debate whether MV=PY expresses how money supply causes inflation or inflation causes money demand accommodated by supply.)
The policy conclusions (”should promptly raise rates,” Ch.
The long-term debt mechanism is a way that higher future interest rates can result in lower inflation today.
And the typical persistent shock links higher current and future interest rates.
I’ve read a lot of referee reports in my 40 years as an economist, and this is top 5% for sure.
1 час назад @ grumpy-economist.com
infomate
