korents

inflation

What people on korents have said about inflation, newest first — 2 positions from 2 people.

6 Nov 2023

Olivier Blanchard archive
The sharp steepening of the long end of the yield curve in 2023 was not predicted by economists, including forecasters who had modelled persistently low safe rates.
It is fair to say that, while economists expected the short end of the yield curve to reflect the higher rates needed to win the fight against inflation, the sharply steeper long end of the yield curve in the last few months has come as a surprise. I shall freely admit that I did not predict it.

↗If markets are right about long real rates, public debt ratios will increase for some timepiie.com
15 months earlier
25 Jul 2022

Noah Smith archive
Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022.
Even more importantly, cash benefits seem to have contributed at least somewhat to the dangerous and painful inflation that the economy is now experiencing.

↗Four things I got wrong since I started this blognoahpinion.blog