We aren’t in Taylor world! Rates across AE are far below Taylor rule with NO appreciable inflationary pressure. Why… https://t.co/58OBTmwgkS
@NathanLazarus3 @paulkrugman @LRB I think you are right about this. But allow the construction as an argumentative device rather than as a truly deep appreciation
@IrvingSwisher Hi Skanda I take your point about the simplification I am involved in here, but we in fact agree on the puzzle.