The consequence, of course, is when they promise to raise inflation (and therefore stimulate the economy) nobody believes they’re serious about those commitments
And
is that the announcement changed expectations—people saw that there was a credible commitment to inflating the economy until it recovered
The consequence, of course, is when they promise to raise inflation (and therefore stimulate the economy) nobody believes they’re serious about those commitments
And
is that the announcement changed expectations—people saw that there was a credible commitment to inflating the economy until it recovered
Thank you 😘 had long wondered about that!