Relevant:
- Yes, We Do Have Inflation, We Do Have Inflation Today - The Wall Street Examiner
- "China Rebalancing Has Begun"; What are the Global Implications? Michael Pettis on China Rebalancing
- The anatomy of Consumption
- Americans are losing consumption power because of lower rates at the expense of subsidizing more housing. The psychology of today's boom.
- Peak Theory, Applied To Inflation
2015-05-23 — bloombergview.com
`` For example, something called the consumption euler equation is at the core of almost every modern macroeconomic model. It specifies a relationship between consumption growth and interest rates. But when researchers looked at real data on consumption growth and interest rates, they found that the equation gives exactly the wrong predictions! Yet it continues to be used as the core of almost every macro model. ''
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