It's at least seventeen things, and knowing the difference changes everything
Wow, the explanation of headline vs. core inflation really stood out to me. How do you see these different types interacting in current EU policy? Such a briliant analysis!
This explains why policy responses feel incoherent. One tool cannot fix seventeen problems.
Here's the TL;DR version of this:
• Inflation is not a single economic phenomenon.
• Different inflation types require different policy responses.
• Monetary tools cannot fix structural greedflation.
• Imported inflation is largely uncontrollable.
• Naming the mechanism is the first step to solving it.
Wow, the explanation of headline vs. core inflation really stood out to me. How do you see these different types interacting in current EU policy? Such a briliant analysis!
This explains why policy responses feel incoherent. One tool cannot fix seventeen problems.
Here's the TL;DR version of this:
• Inflation is not a single economic phenomenon.
• Different inflation types require different policy responses.
• Monetary tools cannot fix structural greedflation.
• Imported inflation is largely uncontrollable.
• Naming the mechanism is the first step to solving it.