"economic outcomes; depend on expectations” & “system stability is a factor of different expectations concerning future price changes”
Original formulation of adaptive expectations spelled out by Bill Phillips for Milton Friedman.
nzedge.com/legends/bill-p…
nzedge.com/legends/bill-p… https://t.co/Xuvpsr660D
S Africa’s financial outlook in 3 graphs from @SergiLanauIIF Given low growth S Arica need a painful primary surplus to
February 28, 2021
S Africa’s financial outlook in 3 graphs from @SergiLanauIIF Given low growth S Arica need a painful primary surplus to stabilize debt. Planned adjustment is