RT John Cochrane
Great summary story from Luis Garicano. It starts with doctor F who says you can’t see how well the drug works because of long and variable lags…
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Luis Garicano 🇪🇺🇺🇦: Must read blog (and series of blogs!) by @JohnHCochrane on what we really know on the impact of interest rates on inflation.
Summary: very little.
A tiny thread on identification explaining the last blog with an analogy, specially for non-economists.
https://johnhcochrane.blogspot.com/2023/08/interest-rates-and-inflation-part-2.html
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🐦🔗: https://n.respublicae.eu/JohnHCochrane/status/1690350502536728576