@[email protected] has moved on Nostr: Gillian Tett (FT) argues Central Bankers lack a clear model of inflation. Once it was ...
Gillian Tett (FT) argues Central Bankers lack a clear model of inflation.
Once it was monetarism (up-ended by the creation & provision of private credit way from Central Bankers' control);
Now they work on the basis of consumer & others' expectations (but this has failed due to non-expected inflation 'shocks' being too frequent)...
leaving them floundering in an economic realm where inflation is evident, driven by complex causes & not easily 'controlled' by interest rate policy!
#economics
Published at
2025-12-06 10:34:57 UTCEvent JSON
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"content": "Gillian Tett (FT) argues Central Bankers lack a clear model of inflation.\n\nOnce it was monetarism (up-ended by the creation \u0026 provision of private credit way from Central Bankers' control);\n\nNow they work on the basis of consumer \u0026 others' expectations (but this has failed due to non-expected inflation 'shocks' being too frequent)...\n\nleaving them floundering in an economic realm where inflation is evident, driven by complex causes \u0026 not easily 'controlled' by interest rate policy!\n\n#economics",
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