Institutional Economics

Institutional Economics

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Institutional Economics
Institutional Economics
Who forecast inflation correctly? Bringing money back into business cycle analysis

Who forecast inflation correctly? Bringing money back into business cycle analysis

Plus, US January non-farm payrolls and Canada’s real return bonds

Stephen Kirchner
Feb 08, 2023
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Institutional Economics
Institutional Economics
Who forecast inflation correctly? Bringing money back into business cycle analysis
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Very few central banks, professional forecasters or macro pundits picked the global acceleration of inflation in 2021 and its persistence into 2022. This has prompted a lot of hand-wringing and claim…

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