With inflation at 5% real short-term rates are at their lowest levels in four decades and deeply negative

The real rate “is arguably the most fundamental indicator of the stance of monetary policy,” wrote economists Christina Romer and David Romer in a 2004 paper.

WSJ 12 December 2021

Kommentarer

Populära inlägg i den här bloggen

Niall Ferguson: The AI Boom Is a House of Cards, Tyler Cowen: Not so fast

Cognitive blind spots

2 juli. “How long can this bull market last?” Stefan de Vylder. Nord Stream pipelines. Balansen mellan tillgång och efterfrågan är central.