Nick Rowe
MacRoweNick
I'm so old I can remember 4 (or more, depending how you count them) *different* stories about why the Central Bank raising interest rates would cause inflation to *rise*.Have I
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A thread on "nominal anchor".Which is something central banks & monetary economists talk about, but rarely explain.(I have no idea where I'm going with this.) 1/ Everyone knows that 2
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Another metaphor:(I'm thinking out loud)Buyers & sellers face transport costs of travelling to & from markets.Transport costs temporarily increase (for some goods more than others, some markets close).What happens to
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