by Summary:
The single interest rate lever is supposed to be Pavlovian in its stimulus/response. When the rate goes down that means “spend”. When it goes up it means “don’t spend”. That’s the belief, which fiscal policy is supposed to follow along behind like a faithful hound.What’s amusing is that this response process doesn’t appear to take into account expectations....New WaylandThe Perpetual Problem With Interest RatesNeilW
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
The single interest rate lever is supposed to be Pavlovian in its stimulus/response. When the rate goes down that means “spend”. When it goes up it means “don’t spend”. That’s the belief, which fiscal policy is supposed to follow along behind like a faithful hound.What’s amusing is that this response process doesn’t appear to take into account expectations....New WaylandThe Perpetual Problem With Interest RatesNeilW
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Recap For A Triple -Switching Example
Lars Pålsson Syll writes From one old guy to another old guy
Lars Pålsson Syll writes The pretence-of-knowledge syndrome
NewDealdemocrat writes JOLTS revisions from Yesterday’s Report
The single interest rate lever is supposed to be Pavlovian in its stimulus/response. When the rate goes down that means “spend”. When it goes up it means “don’t spend”. That’s the belief, which fiscal policy is supposed to follow along behind like a faithful hound.New WaylandWhat’s amusing is that this response process doesn’t appear to take into account expectations....
The Perpetual Problem With Interest Rates
NeilW