2024-01-16
Interesting thoughts
I'm trying to provoke BdL to comment.
[Opps! If that sounded like I did not appreciate yours, that's not what I meant. :)]
Yeah I haven’t had the chance to read all of the previous posts to get context but I’ve already learned some new things which is nice lol
Interest rates enthusiasts are always "wrong"!
https://marcusnunes.substack.com/p/a-simpler-view-of-monetary-policy
The problem is when they confuse the instrument with a target. As AN instrument it's fine
And SS is not consistent in his use of "target" either. :)
Interesting thoughts
I'm trying to provoke BdL to comment.
[Opps! If that sounded like I did not appreciate yours, that's not what I meant. :)]
Yeah I haven’t had the chance to read all of the previous posts to get context but I’ve already learned some new things which is nice lol
Interest rates enthusiasts are always "wrong"!
https://marcusnunes.substack.com/p/a-simpler-view-of-monetary-policy
The problem is when they confuse the instrument with a target. As AN instrument it's fine
And SS is not consistent in his use of "target" either. :)