The neutral real interest rate doom-loop

Stephen Kirchner

Jul 26, 2022

Plus, why nominal income targeting is compatible with the existing inflation target

1 Comment

Writes Money Fetish

Jul 26, 2022Liked by Stephen Kirchner

Looking for neutral rates (or potential output or natural unemployment) is like "looking for Wally when there are many Wallies!

https://thefaintofheart.wordpress.com/2015/10/25/looking-for-wally-when-there-are-many-wallies/

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